Alcatel-Lucent (ALU) is selling its 20.8% stake in defense-electronics company Thales to...

|By:, SA News Editor

Alcatel-Lucent (ALU) is selling its 20.8% stake in defense-electronics company Thales to Dassault for about €1.5B. "If the worst-case scenario of a long recession comes to pass, the bigger your cash pile, the longer you can hang on," Nomura's Richard Windsor notes. Shares -4.7% premarket.