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News > Deals
Lucent, Alcatel end talks
May 29, 2001: 4:41 p.m. ET

$23.5B merger between Lucent and Alcatel called off, no reason given
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NEW YORK (CNNfn) - France's Alcatel SA and Lucent Technologies called off their $23.5 billion merger Tuesday, ending weeks of speculation.

Discussions between the two telecommunications firms have not resulted in any agreement and talks have been terminated, the firms said in a joint statement. The firms did not cite any particular reason for the breakup in negotiations. graphic




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