Shareholders of Alcatel, Lucent Approve Merger
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From the Associated Press
Alcatel and Lucent Technologies Inc. overcame shareholder misgivings to win firm backing for their 8.4-billion euro ($10.7 billion) tie-up to create a global telecommunications equipment maker.
The near-simultaneous votes in Paris and Wilmington, Del., gave the go-ahead for Alcatel’s all-stock acquisition of Murray Hill, N.J.-based Lucent, scheduled for completion by the end of the year.
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