Nokia
Corp. (NYSE: NOK) will buy Alcatel-Lucent (NYSE: ALU) in an all stock
deal
valued at approximately $16.6 billion but Alcatel-Lucent shareholders
were disappointed that no cash would be part of the transaction. Shares
of Nokia slipped 26 cents to $7.70 while Alcatel-Lucent stock fell 91
cents to $4.02.
Nokia will pay $16.6 billion for Alcatel-Lucent
April 15, 2015 at 12:50 PM EDT