Lucent Technologies Announces Ratios for Agere Shares
MURRAY HILL, N.J., May 13 /PRNewswire-FirstCall/ -- Lucent Technologies (NYSE: LU - News) today announced that the following ratios have been established for the Agere spinoff:
* One share of Agere Class A common stock will be issued for every
92.768991 shares of Lucent common stock.
* One share of Agere Class B common stock will be issued for every
3.779818 shares of Lucent common stock.
Both A and B shares of Agere will be distributed to Lucent shareowners as a tax-free dividend. The distribution is planned for June 1, 2002, to the holders of Lucent common stock as of the close of business on May 3, 2002, the record date. Fractional shares will be distributed in the form of cash, which may be considered taxable income.
Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and delivers networks for the world's largest communications service providers. Backed by Bell Labs research and development, Lucent relies on its strengths in mobility, optical, data and voice networking technologies as well as software and services to develop next-generation networks. The company's systems, services and software are designed to help customers quickly deploy and better manage their networks and create new revenue-generating services that help businesses and consumers. For more information on Lucent Technologies, visit its Web site at lucent.com.
This press release may contain forward-looking statements that involve certain risks and uncertainties. For a list and description of such risks and uncertainties, see the reports filed by Lucent Technologies with the Securities and Exchange Commission.
SOURCE: Lucent Technologies |
