Nokia Gets Control of Alcatel-Lucent

The French stock market authority, Autorite des Marches Financiers, published the interim results of the initial offer period of Nokia's (NYSE:NOK) public exchange offer for Alcatel-Lucent (NYSE:ALU) securities in France and in the United States, and has declared the offer successful.

In a statement, Rajeev Suri, president and CEO of Nokia, said: "We are delighted that the offer has been successful, and that Alcatel-Lucent's investors share our confidence in the future of the combined company. We will move quickly to combine the two companies and execute our integration plans. As of Jan. 14, 2016, Nokia and Alcatel-Lucent will offer a combined end-to-end portfolio of the scope and scale to meet the needs of our global customers. We will have unparalleled R&D and innovation capabilities, which we will use to lead the world in creating next-generation technology and services."

If the interim results are confirmed by the AMF in its notice of final results expected on Jan. 5, and following settlement of the Offer on Jan. 7, Nokia would hold 76.31% of the share capital and at least 76.01% of the voting rights of Alcatel-Lucent.