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Nokia downplays shareholder opposition to Alcatel-Lucent deal

2015-04-30 11:24:43| Telecom - Topix.net

Nokia Chief Executive Rajeev Suri defended the terms of its pending acquisition of smaller telecom gear maker Alcatel-Lucent after a shareholder criticized them as unacceptable. Odey Asset Management, Alcatel-Lucent's second-largest shareholder with 5 percent, said in a letter to investors that it would not tender its shares in the Nokia takeover because the 15.6 billion euro price in the all-share deal was too low, according to the Financial Times newspaper.

Tags: deal nokia opposition shareholder

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