Lucent Technologies Inc.'s shareowners today overwhelmingly approved the merger with Alcatel, which was first annou...
September 7, 2006
Lucent Technologies Inc.’s shareowners today overwhelmingly approved the merger with Alcatel, which was first announced on April 2.
Final results of the shareowner vote will be disclosed in an upcoming filing with the Securities and Exchange Commission.
“As we have said from the start, the primary driver of this combination is to create long-term value for shareowners, customers, and employees,” said Patricia Russo, chairman and CEO of Lucent.
“Today we received approval for the merger from Lucents shareowners, and as a result, we are another step closer to creating the first truly global communications solutions provider with the broadest wireless, wireline and services portfolio in the industry.
“Alcatel and Lucent expect to complete their merger transaction by the end of calendar year 2006, within the six-to-12-month timeframe originally announced on April 2.
The companies have already received antitrust clearance in both the U.S and Europe.