Nokia makes buyout offer for Alcatel-Lucent shares


Nokia Corp.
NOK,
-0.17%
on Thursday said it has launched a public buyout offer for all securities of Alcatel-Lucent that the Finnish telecom-equipment maker doesn’t yet own.

The move comes after a clearance decision by the French stock market authority on Tuesday of Nokia’s public buyout offer in cash followed by a squeeze-out in cash.

Nokia agreed to buy French rival Alcatel-Lucent (ALU.FR) for EUR15.6 billion ($17.4 billion) in April last year.

Nokia is offering to take over Alcatel-Lucent shares for EUR3.50 apiece, while convertible bonds due in 2019 and 2020 are valued at EUR4.51 and EUR4.50, respectively.

It said the public buyout offer will be open from Sept. 22 to Oct. 5, and the squeeze-out will be implemented on October 6.

Write to Matthias Verbergt at matthias.verbergt@wsj.com


View more information: https://www.marketwatch.com/story/nokia-makes-buyout-offer-for-alcatel-lucent-shares-2016-09-22

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