Nokia and Alcatel Lucent are in talks to merge. Check some general information about the transaction below:
The new company will be called Nokia Corporation.
The company headquarters will be in Finland and it will have a strong presence in France.
Risto Siilasmaa is planned to serve as chairman, and Rajeev Suri as chief executive officer. There will be a combined company's board of directors. It is planned to have nine or ten members, including three members from Alcatel-Lucent, one of whom would serve as vice chairman.
The proposed transaction is expected to close in the first half of 2016.
The offer values Alcatel-Lucent at EUR 15.6 billion on a fully diluted basis.
Alcatel-Lucent shareholders would own 33.5% of the fully diluted share capital of the combined company, and Nokia shareholders would own 66.5%, assuming full acceptance of the public exchange offer.
Alcatel-Lucent's Bell Labs and Nokia's FutureWorks, as well as Nokia Technologies, will stay as separate entities with a clear focus on licensing and the incubation of new technologies.