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Alcatel Lucent SA receives binding offer for Alcatel-Lucent Enterprise; proposes no FY 2013 dividend

Wednesday, 5 Feb 2014 07:00pm EST 

Alcatel Lucent SA:Says it has received a binding offer from China Huaxin, a technology investment company, for the acquisition of Alcatel-Lucent Enterprise.Says the offer values Alcatel-Lucent Enterprise at 268 million euros for 100 percent on an enterprise value basis.Says it will retain a 15 percent stake in Alcatel-Lucent Enterprise.Says its Board has recommended not to pay a dividend for fiscal year 2013. 

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0.313 +15.31%
11:50am EDT