The deal between Nokia and Alcatel-Lucent is almost drawing to a close. The European Commission has given its approval to the Finnish company to acquire the French global telecom equipment company for $16.6 billion.
Alcatel Lucent SA (ADR) (NYSE:ALU) plans to update on its new growth strategy later this year. The company is entering the final leg of its turnaround plan and CEO, Michel Combes, said he remains focused on completing the process successfully.
In the past month, shares of Alcatel-Lucent (NYSE:ALU) have declined more than 24% after rising steadily in 2013. Given Alcatel-Lucent's cheap valuation and significant asset sales, the stock might just be presenting a good long-term investment ...
Alcatel Lucent SA (ADR) (NYSE:ALU)'s newly appointed CEO, Michel Combes, recently announced plans to cut costs. Combes said he aims to raise 2 billion euros ($2.7 billion) by 2015 through job cuts and asset sales.
Alcatel Lucent SA (ADR) (ALU) ended last trading session with a change of 1.55 percent. It trades at an average volume of 4.57M shares versus 3029012 shares recorded at the end of last trading session.