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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?


To: Venditâ„¢ who wrote (6906)3/30/1999 9:23:00 AM
From: Diamond Jim  Read Replies (3) | Respond to of 21876
 
03/30 05:17 LUCENT <LU.N> IN DEAL TO BUY ISRAEL START-UP LIBIT FOR $260 MLN
-LIBIT INVESTOR

JERUSALEM, March 30 (Reuters) - Lucent Technologies Inc <LU.N> has signed a deal to buy Israeli start up Libit Signal Processing for $260 million, an investor in Libit said on Tuesday.

"There is an agreement in principle and the deal should be closed within 30 days," Zeev Holtzman, chief executive of Giza Ltd, which owns seven percent of Libit, told Reuters.