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Stock Market & Financial Investment News

News Breaks
December 7, 2012
07:26 EDTALUAlcatel-Lucent considers mortgaging assets as it restructures, WSJ reports
Looking to buy time to restructure, Alcatel-Lucent (ALU) may mortgage parts of its past and future, reports the Wall Street Journal. The telecom-equipment company is exploring offering its Internet-routing business as backing for as much as $1.31B in loans, and pledging the company's valuable portfolio of patents from Bell Labs, sources say. Reference Link
News For ALU From The Last 14 Days
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July 24, 2015
13:29 EDTALUAlcatel CEO says Nokia deal may close sooner than expected, Re/code reports
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06:08 EDTALUNokia receives European Commission approval for Alcatel-Lucent acquisition
Nokia (NOK) announced that it has received approval from the European Commission for its pending acquisition of Alcatel-Lucent (ALU). The proposed transaction was notified to the European Commission on June 19, 2015 and was cleared today without conditions following a Phase 1 review. Approval by the European Commission follows previously disclosed antitrust clearances in Brazil and Serbia and the expiration of the antitrust review period in the United States. In addition, the parties confirmed today they have received further antitrust clearances from Albania, Canada, Colombia and Russia. Both companies will continue to cooperate with the remaining authorities to close their reviews as quickly as possible. The transaction remains subject to approval by Nokia shareholders, Nokia holding over 50.00% of the share capital of Alcatel-Lucent on a fully diluted basis upon completion of the public exchange offer, receipt of other regulatory approvals and other customary conditions. The transaction is expected to close in the first half of 2016.
July 17, 2015
13:29 EDTALUWireless infrastructure shares up after Ericsson,TESSCO report
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