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General

Alcatel-Lucent squeeze-out blocked by shareholder appeal

Wednesday 5 October 2016 | 11:27 CET | News
Nokia announced that its buy-out offer for the remaining Alcatel-Lucent shares has been extended indefinitely, pending the outcome of a shareholder appeal against the offer. The French stock market authority AMF announced that a legal action was filed before the Paris Court of Appeal. The case brought by minority shareholderds wants the AMF's clearance decision regarding Nokia's public buy-out offer suspended, preventing Nokia from forcing the remaining shareholders to sell. The so-called squeeze-out, had been scheduled for 06 October 6, but is now cancelled. Nokia said it was confident that

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Categories: General
Companies: Alcatel-Lucent / Nokia
Countries: World
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