Today, Lucent Technologies has signed a definite agreement to merge with Ascend Communications. Under the terms of this agreement, which has been approved by each company's board of directors, Ascend shares will be converted into 0.825 shares of Lucent Technologies' stock. At current stock prices, this is about $20 billion dollars, but is still subject to approval by Ascend shareholders, as well as other legal requirements. , *** UPDATE *** STOCKHOLDERS FILE SUIT - $20 BILLION NOT ENOUGH!! This merger seems to be a good fit between the two companies and makes the combined company a real leader in the networking marketplace, but will it really happen?
Read the about Robert Ryan's (past CEO and Chairman of Ascend) keynote address, from the Digital Frontier Conference at Kellogg.
© 2006 Rick Smith All rights reserved.