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Technology Stocks : Lucent Technologies (LU)
LU 2.545-0.6%Dec 3 3:59 PM EST
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To: BWAC who wrote (20837)9/18/2002 11:35:37 AM
From: David Hansen  Read Replies (2) of 21876
 
That would be impossible as it was a stock deal. If memory serves... the deal was done on an adjusted stock basis of LU trading at the equivalent of $80/share... times 3 BB shares is a markt cap of 240BB.. The deal was for 25BB in stock so it was roughly 10% of LU's value. That compares with what today would be a $300MM deal for Ascend... Seeing that the Ascend product line accounts for over half of their wireline business, I'd say Ascend was a steal.
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