Nokia to take over Alcatel-Lucent in $16 billion all-share deal

HELSINKI - Nokia and Alcatel-Lucent today announced their intention to combine “to create an innovation leader in next generation technology and services for an IP connected world,” reads the official release.The two companies have entered into a memorandum of understanding under which Nokia will make an offer for all of the equity securities issued by Alcatel-Lucent, through a public exchange offer in France and in the United States, on the basis of 0.55 of a new Nokia share for every Alcatel-Lucent share. The all-share transaction values Alcatel-Lucent at EUR 15.6 billion on a fully diluted basis (~$16 billion in USD),...