Nokia Buys Alcatel-Lucent for $16.6 Billion

Nokia and Alcatel-Lucent have entered into a memorandum of understanding under which Nokia will make an offer for all of the equity securities issued by Alcatel-Lucent, through a public exchange offer in France and in the United States, on the basis of 0.55 of a new Nokia share for every Alcatel-Lucent share.