Alcatel-Lucent shares plunge more than 10% after Nokia deal

GMT 07:50 2015 Wednesday ,15 April

Arab Today, arab today Alcatel-Lucent shares plunge more than 10% after Nokia deal

Alcatel-Lucent
Paris - Arab Today

Shares in Alcatel-Lucent plunged more than 10 percent on Paris's stock market Wednesday after the French-American group announced that its Finnish rival Nokia was buying it in a 16.5 billion euro deal.

Ten minutes after opening, the stock lost 10.51 percent to 4.01 euros, far underperforming the overall market which was trading down 0.17 percent.

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