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


To: Diamond Jim who wrote (7121)4/9/1999 7:52:00 AM
From: Techplayer  Read Replies (1) | Respond to of 21876
 
EU clears Lucent buy of Ascend

April 9, 1999 05:55 AM
BRUSSELS, April 9 (Reuters) - The European Commission said on Friday it had cleared the acquisition by Lucent Technologies of fellow U.S. company Ascend Communications.

Both firms are active in the sector of telecommunications networking systems but the Commission said in a statement the operation was "essentially of a complementary nature and gives rise to few overlaps."

The Commission was notified of the deal on March 1. REUTERS