US authorities clear Nokia Networks acquisition of Alcatel-Lucent

Committee on Foreign Investment in the US clears the proposed acquisition, which follows previous clearance by US Department of Justice

US authorities clear Nokia Networks acquisition of Alcatel-Lucent

Nokia has obtained clearance from the Committee on Foreign Investment in the United States ("CFIUS") for its proposed acquisition of Alcatel-Lucent, it announced yesterday (14 September 2015).

The company said that with the conclusion of the CFIUS process and the previously announced antitrust clearance by the US Department of Justice, the companies have received the required regulatory approvals for the proposed transaction in the United States.

Both companies will continue to work closely with the few remaining antitrust authorities in the relevant jurisdictions to conclude their regulatory reviews as quickly as possible. The proposed transaction remains subject to approval by Nokia shareholders.

Nokia will hold over 50.00% of the share capital of Alcatel-Lucent on a fully diluted basis upon completion of the public exchange offer, receipt of the remaining regulatory approvals and other customary conditions. The proposed transaction is expected to close in the first half of 2016.

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