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Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (883)	9/28/1999 4:26:00 AM
From: Steve Fancy	Read Replies (2) \| Respond to of 3891

France's Alcatel Agrees To Buy Genesys Telecoms Labs For $1.5 Billion Dow Jones Online News, Tuesday, September 28, 1999 at 04:16 PARIS -(Dow Jones)- French telecommunications equipment group Alcatel SA (ALA) said Tuesday that it has agreed to buy Genesys Telecommunications Laboratories Inc. in a stock deal valued at $1.5 billion. Genesys supplies computer telephony integration equipment and telecom management solutions. Alcatel is offering Genesys shareholders 1.667 Alcatel ADS for 1 Genesys share, on condition that the Genesys share price stays in a range of between $45 and $55. The acquisition is expected to be completed in January 2000, subject to the expiry or termination of applicable waiting periods under appropriate antitrust laws and approval from Genesys shareholders, Alcatel said.