FRANKFURT/NEW YORK, April 26 Alcatel-Lucent
ALUA.PA is holding meetings in San Francisco this week with
prospective suitors to scout out buyout interest in its $1
billion plus enterprise business, several people familiar with
the matter said.
A slew of private equity firms are expected to be among the
potential buyers taking meetings with the telecom equipment
maker, the sources said.
The few strategic parties that could show an interest
include Cisco (CSCO.O), Hewlett-Packard (HPQ.N) and Avaya
[AVXX.UL], these sources said.
Siemens Enterprise Communications (SEN), which is 51 percent
owned by Los Angeles-based private equity firm Gores Group, is
considered to be the lead horse in the process, two of the
sources said. German engineering group Siemens (SIEGn.DE) owns
the rest and would likely have a say in any decision to buy.
A spokesman for Gores Group declined to comment.
Alcatel-Lucent and SEN also declined comment.
(Reporting by Nicola Leske and Nadia Damouni)