Saturday, April 01, 2006

Alcatel and Lucent look set to complete merger

Alcatel and Lucent look like they may actually do a deal this time round. Five years after falling out in a previous merger attempt the two parties are due to get together this weekend to thrash the last details before potentially announcing a deal next week.

Or maybe not. The two are for ever at odds over the boards composition and currently arguing over whether Alcatel should have two more board seats to reflect the 60/40 ownership split in Alcatels favour.

And they do love falling out over management issues - but with the prize of creating such an industry juggernaut I would have thought that this time they'll come to a compromise and the telecomms equipment space will have a new trans-altlantic 800lb gorrilla. Let's see!

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