Alcatel-Lucent (NYSE:ALU) is looking for a potential buyers of its unit which sells telecom gear and phones, which is estimated to be valued at $1.5 billion, possibly more.
Sales of the company come in at close to $1.5 billion annually.
Along with an individual buyer, another option would be an initial public offering, according to people close to the situation.
Some companies being considered as potential buyers include Hewlett-Packard (NYSE:HPQ) and Microsoft (NASDAQ:MSFT), along with unnamed private-equity firms.
Alcatel-Lucent is up about 86 percent so far in 2011. It was trading at $6.00, down $0.07, or 1.07 percent, as of 12:30 PM EDT.
Thursday, April 14, 2011
Alcatel (ALU) Seeking Buyer for Telecom-Gear Unit
Labels:
Alcatel-Lucent,
Hewlett Packard,
Microsoft
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