Nokia €15.6 billion acquisition of Alcatel-Lucent

Overview:

• Finnish telecommunications company Nokia completed the acquisition of French company Alcatel-Lucent in a public exchange offer of €15.6 billion. 
• The merged company is a European leader in the area of broadband, IP networking and cloud applications. 
• The merged company has a market capitalisation of over $40 billion.
• The merger was structured as an all share public exchange offer in France and in the US. 
• Nokia will acquire all the issued shares to be issued shares and three OCEANE tranches of convertible bonds.
• Nokia will look to list Nokia's shares on the NYSE Euronext Paris under the public exchange offer.

John Crabb - Journalist