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Technology Stocks : Lucent Technologies (LU)
LU 3.120+11.4%Oct 31 3:59 PM EDT
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To: Anonymous who wrote (21856)8/30/2006 5:24:24 PM
From: Anonymous  Read Replies (2) of 21876
 
8/30/06 - - - SAN FRANCISCO (AP) - In the first definite sign of French opposition to the merger of telecom-equipment specialists Alcatel SA and Lucent Technologies Inc., French investment advisery firm Proxinvest has urged Alcatel shareholders to vote against the merger at the companies' respective extraordinary general meetings on Sept. 7.

In a letter sent to fund managers, Proxinvest said Alcatel is paying too much for Lucent, and is concerned the deal could weaken corporate governance.

Question? ... Will the deal go through or fall through?
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