諾基亞確認全面收購阿爾卡特朗訊

Nokia has launched a 15.6bn agreed all-share takeover offer for Alcatel-Lucent aimed at creating a Finnish-French rival to Ericsson and Huawei in the telecoms equipment industry.

諾基亞(Nokia)已向阿爾卡特朗訊(Alcatel-Lucent)發出收購要約。這一全部以換股方式開展的併購交易規模爲156億歐元，並已得到雙方的同意。此舉旨在打造一家芬蘭和法國的合資企業，以期能在電信設備產業與愛立信(Ericsson)及華爲(Huawei)開展競爭。

The Finnish company said on Wednesday that it would offer 0.55 new shares in Nokia for every Alcatel share, which it said was equivalent to 4.27 a share, a 28 per cent premium over the French group’s average stock price over the past three months.

週三，諾基亞表示，該公司將爲阿爾卡特每股提供0.55股的諾基亞新股。該公司表示，這一價格等價於每股4.27歐元，相對阿爾卡特過去三個月平均股價的溢價爲28%。

Nokia’s chief executive and chairman will both continue in their jobs in the new company — to be called Nokia Corporation — and the Finnish group’s shareholders will own about 66.5 per cent of the combined business, which will remain headquartered just outside Helsinki.

新的公司將命名爲諾基亞公司(Nokia Corporation)，總部依然位於芬蘭赫爾辛基市郊。諾基亞首席執行官和董事長將留任，諾基亞股東將持有新企業大約66.5%的股份。

The deal is expected to close in the first half of next year, with the two companies targeting 900m of cost synergies by 2019 and 200m in reduced interest expenses by 2017.

交易預計將於明年上半年達成。兩家企業的目標是在2019年以前實現9億歐元的成本協同效益，並在2017年之前令利息支出減少2億歐元。

It has been greeted with some scepticism among Nokia shareholders and former executives, who remember not only the difficult tie-up between the Finnish group and Siemens’ telecoms equipment assets but also the long struggle to merge Alcatel and Lucent successfully.

對於這一交易，諾基亞股東及其前主管持有一定的懷疑態度。他們不但記得諾基亞與西門子電信設備部門合併時的重重困難，還記得阿爾卡特(Alcatel)和朗訊(Lucent)爲成功合併而付出的漫長艱苦努力。

Nokia’s shares fell 3.6 per cent on Tuesday to 7.49 while Alcatel’s rose 16 per cent to 4.48. Based on Tuesday’s closing prices, Nokia’s offer is worth 4.12 per Alcatel share.

週二，諾基亞股價下跌3.6%，跌至每股7.49歐元。阿爾卡特股價則上漲16%，達到每股4.48歐元。按照週二收盤價計算，諾基亞對阿爾卡特的出價爲每股4.12歐元。