Alcatel (ALA) and France Message Board

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Technology Stocks : Alcatel (ALA) and France

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To: Tunica Albuginea who wrote (1233)	2/22/2000 5:58:00 PM
From: Steve Fancy	Read Replies (1) of 3891

Announcement seen soon on Alcatel-Newbridge deal Reuters, Feb 22, 2000 17:51 hrs OTTAWA, Feb 22 (Reuters) - Trading in both Canadian network equipment maker Newbridge Networks Corp. (TSE:NNC)(NYSE:NN) and France's telecoms equipment firm Alcatel (SBF:CGEP) was halted on U.S. and Canadian exchanges late on Tuesday, raising speculation Alcatel was poised to announce an all-share takeover of Newbridge. The halt came in advance of Ottawa-area based Newbridge's third-quarter results, which are being released on Tuesday. The Financial Times reported Alcatel was readying to announce a $6.5 billion takeover of Newbridge on Tuesday or on Wednesday. An acquisition would conclude a search started for Newbridge in November by investment banker Morgan Stanley Dean Witter & Co. Acquisition-hungry Alcatel has been on a recent expansion drive aimed at boosting its product line and presence, particularly in the rich U.S. market. Last September, Alcatel struck its fifth U.S. purchase in a 12-month period. e-mail susan.taylor1@reuters.com, fax 613-235-5890)) Copyright 2000, Reuters News Service

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