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Chatter of Nokia buying Alcatel-Lucent makes its stock price rise

alcatel_lucent_logo-1Trade market is abuzz with talks of Nokia buying Alcatel-Lucent. This sent Alcatel’s share price up by 4% yesterday due to brisk volume purchase by investors. As per the rumor Nokia will use money received from Microsoft for this purchase. The rumor also puts a bidding price of 4.10 per share by Nokia.

People close to Nokia however reject it as baseless rumor and mention that there is no such short or long-term plan of Nokia involving purchase of this size. Also, Nokia already planned to use EUR 5 billion received from Nokia-Micrsoft deal for optimizing its capital structure and paying back to investors. So, it hardly looks like a valid rumor!

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Nayan

Nayan has more than 10 years of experience of covering Technology and innovations. He is a big Nokia fan and Tech disruptions aficionado. He loves to review new cool gadgets and writing about Android, iOS, Gadgets and general Technology stuff. He has been associated with other well-known Tech sites WinCentral and GadgetOx since long.

He currently sports a Lumia 950 XL and Nexus 5X. Other interests include listening to Nu-Metal Hits and Kick-Boxing.
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  • AJ

    Interesting, according to the proxy votes while Nokia are going to repurchase up to 370m shares one of the votes is to allow management to dilute the shares by up to 740m shares (this in addition to the $2b cash) this suggest a merger rather than a cash purchase is a more likely option? Not sure how I feel about Alcatel or whether this is even an option the board is considering. Also I didn’t check the accounts but as part of the deal Nokia was going to buy back the bonds MSFT purchased?

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