Alcatel and Lucent Technologies have announced the completion of their merger and that they have begun operations as the communication solutions provider from December 1, 2006.
The new company Alcatel-Lucent, with one of the largest global R&D capabilities in communications and the broadest wireless, wireline and services portfolio, is incorporated in France, with executive offices located in Paris, says a press release on Wednesday.
The company will be traded on Euronext Paris and the New York Stock Exchange (NYSE) under a new common ticker (Euronext Paris and NYSE: ALU). As a result of the merger, each outstanding share of Lucent common stock has been converted into the right to receive 0.1952 of an Alcatel ADS. In connection with the merger, Alcatel has issued approximately 878 million shares.-PR