Mergers and Acquistions News
Categories: Telecoms
November 18th 2008, 16:05PM
Telecoms firm Alcatel-Lucent is looking to raise funds by divesting its stake in defence electronics firm Thales, it has been revealed.
Dassault Aviation has announced that it is in exclusive talks to obtain the 20.8 per cent stake held by the telecoms company, reports the Financial Times.
According to the news provider, speculation has been rife that Alcatel-Lucent would look to offload its shares in Thales because of the troubles it faced following its merger just over a year ago.
Dassault is offing to buy the concern for €38 (£32) a share, slightly higher than Tahles' closing price on Monday which was €30.44.
The aviation firm's decision to expand its stake is a turnaround from its position in August when Charles Edelstenne, the chairman of company, stated that it was looking to divest its current Thales holdings.
Recently, Alcatel Lucent agreed a new outsourcing partnership with Harvey Nash which led to the creation of a new subsidiary firm - Nash Technologies.
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