Fitch Ratings noted Friday from “stable” to “positive” view of the long-term rating of “BB” she attributes to Nokia (& gt; & gt; Nokia Oyj) , a decision made following the announcement of the acquisition of Alcatel-Lucent (& gt; & gt; Alcatel Lucent) by the Finnish telecoms equipment part a public exchange offer.
“The revised outlook reflects Fitch’s view that the acquisition of Alcatel-Lucent based on a compelling industrial logic and has the potential to greatly improve the medium-long risk profile term “of the equipment and its operational profile, Fitch Ratings said in a statement.
Fitch confirmed the rating “BB” she attributes to Nokia.
Nokia plans to launch a public exchange offer on the basis of a ratio of 0.55 share for Nokia Alcatel-Lucent share. At the end of the offer, shareholders of Alcatel-Lucent would hold 33.5% stake in the new group, against 66.5% for Nokia shareholders.
-Eric Chalmet, Dow Jones Newswires; +33 (0) 1 40 17 17 65; eric.chalmet@wsj.com ed / LB
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