ALU: Alcatel-Lucent Stock Surges on Nokia Buzz

A potential tie-up has been rumored before

   

ALU: Alcatel-Lucent Stock Surges on Nokia Buzz

On Tuesday, rumors again circulated that Nokia (NOK) would make a bid for Alcatel-Lucent (ALU). Speculation about a possible deal sent ALU stock up almost 4% in morning trading.

alcatel ALU: Alcatel Lucent Stock Surges on Nokia BuzzAccording to Reuters, a London trader said that “market chatter” suggested that Nokia would make an offer to acquire Alcatel-Lucent for $4.10 per ALU share. Rumors that Nokia might make a bid for ALU have circulated before.

Nokia185 ALU: Alcatel Lucent Stock Surges on Nokia Buzz
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Nokia recently completed the $7.2 billion sale of its struggling handset business to Microsoft (MSFT), giving it a ready source of cash to finance an acquisition.

Last year, it was reported that Nokia was having internal discussions about making a bid for ALU, though no talks between the two companies had occurred.

ALU stock closed at $3.89 a share on Monday. NOK shares were flat in Tuesday morning trading.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/05/alu-alcatel-lucent-stock-surges-nokia-buzz/.

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