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TYCO TO BUY LUCENT UNIT.(Tyco International Ltd., Lucent Technologies' Power Systems business unit)(Brief Article)(Statistical Data Included)
From:
New Hampshire Business Review
| Date:
December 1, 2000
| COPYRIGHT 2000 Business Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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EXETER -- Tyco International Ltd. is buying Lucent Technologies' Power Systems business unit for $2.5 billion in cash.
The purchase is subject to regulatory approval.
"We expect that the acquisition of LPS, like previous acquisitions, will be immediately accretive to Tyco's earnings," L. Dennis Kozlowski, chairman and chief executive officer of Tyco International, said in a statem...
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