Attempting to sell Lucent Technologies Inc.

dots Posted on April 3, 2006 , filed under Stocks | Print This Post

Now that the details of the LU, Lucent Technologies, Inc. and ALA, Alcatel merger have been announced it’s very easy to calculate the current value of LU shares. Various news outlets have reported the value of the Lucent acquisition either at 13.4 billion or 13.5 billion. According to the terms of the acquisition LU shareholders will receive 0.1952 shares of an ALA, Alcatel American depositary receipt. ALA is currently trading at $16.27. This would value LU shares at $3.17. LU is currently trading at $3.09. I am placing an order today to sell my LU shares at $3.12.

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Comment by darren
2006-04-03 15:33:54

Went ahead and liquidated my shares today at $3.09. Inherited the stock from my dad, who said it was the one really dumb stock pick he’d ever made. Glad to get the monkey off the family’s back. Enjoy France, Patricia.

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