22 May NOKIA / ALCATEL LUCENT

Our piece on 16 May on the possible squeeze-out by Nokia of the remaining shares in Alcatel Lucent estimated the closure date of the squeeze-out to be between October and November 2016, and outlined the methodology and steps required for the offer to proceed. This allowed funds to decide on increasing their Alcatel Lucent stake into the squeeze-out. Nokia subsequently announced (16 June) their intent to proceed with a squeeze out with both the methodology and timing we proposed.

For full access to this and future reports please contact  Ian Davey on +44 (0)203 598 2010 or email Ian.Davey@scorpeo.com