ALU up 5.2% following Nokia mapping sale report Fri, Apr 10, 2015 at 9:22 AM
Eric Jhonsa, SA News Editor
Alcatel-Lucent (NYSE:ALU) has jumped following a Bloomberg report stating Nokia is exploring a sale of its HERE mapping/navigation software unit - a move that would both leave Nokia solely focused on telecom equipment and IP licensing, and provide it with more funds for M&A.
A German magazine reported last December ALU and Nokia had revived M&A talks in the fall, and Reuters reported in 2013 Nokia was "discussing internally" whether it should bid pursue a deal with ALU.
Deal proponents have argued a Nokia/Alcatel-Lucent merger would both yield major cost synergies and significantly expand Nokia's wireline equipment lineup, thus leaving it better-positioned to compete for major deals against the likes of Ericsson, Huawei, and Cisco.
https://seekingalpha.com/news/2420106-alcatel-lucent-up-5_2-percent-following-nokia-mapping-sale-report?auth_param=bej5r:1aifu6s:431ffc5e2b7a7c5a290560df2441588e&uprof=45#email_link