European Commision approves
NOK-ALU merger
Seems to me this merger is moving faster than thought, just
might get done in the first quarter of 2016:
EUROPEAN COMMISSION APPROVES NOKIA'S PROPOSED ACQUISITION OF
ALCATEL-LUCENT
ESPOO, Finland, July 24, 2015 (GLOBE NEWSWIRE) -- Nokia(NOK)
today announced that it has received approval from the European
Commission for its pending acquisition of Alcatel-Lucent. The
proposed transaction was notified to the European Commission on
June 19, 2015 and was cleared today without conditions following a
Phase 1 review.
Approval by the European Commission follows previously disclosed
antitrust clearances in Brazil and Serbia and the expiration of the
antitrust review period in the United States. In addition, the
parties confirmed today they have received further antitrust
clearances from Albania, Canada, Colombia and Russia. Both
companies will continue to cooperate with the remaining authorities
to close their reviews as quickly as possible.
The transaction remains subject to approval by
Nokia shareholders, Nokia(NOK) holding over 50.00% of the
share capital of Alcatel-Lucent on a fully diluted basis upon
completion of the public exchange offer, receipt of other
regulatory approvals and other customary conditions. The
transaction is expected to close in the first half of
2016.
|
|