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Alcatel-Lucent (ALU +4%) is higher after Bloomberg reports the company's submarine optical cable...

Alcatel-Lucent (ALU +4%) is higher after Bloomberg reports the company's submarine optical cable unit has received buyout interest; the business is estimated by one firm to be worth $1.1B and to have a 40% market share. P-E firms Permira (previous) and PAI Partners are said to be weighing bids, as is French sovereign wealth fund FSI. Also, France Telecom (FTE) has said it makes "industrial sense" to own the business - there's a good chance the French government is playing a role here. Alcatel has reportedly hired an i-bank to explore sales for other businesses. (Nov. report)
Comments (3)
  • STDvooh
    , contributor
    Comments (641) | Send Message
     
    The "parts" of ALU are apparently more valuable, than the market values them as a "whole" publicly traded company. A situation that should remedy itself soon. Bullish ALU.
    14 Jan 2013, 12:47 PM Reply Like
  • bd4uandu
    , contributor
    Comments (1797) | Send Message
     
    Must be there faith in management. Hmmmm .... let's see if I buy it, it will be worth a lot more.
    14 Jan 2013, 02:44 PM Reply Like
  • Robert Mann 1
    , contributor
    Comments (6) | Send Message
     
    Ditto
    14 Jan 2013, 01:08 PM Reply Like
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