In a significant merger, French telecom company Alcatel acquired Lucent Corporation, an American company and successor of AT&T’s Western Electric and Bell Labs, for approximately $13.4 billion in a stock exchange deal. The combined company was headquartered in Paris, with the merger aimed at creating a stronger presence in the telecom market.
This merger not only strengthened Alcatel-Lucent’s position in the telecom market but also demonstrated the ability to efficiently integrate large-scale acquisitions, driving significant cost savings and operational efficiencies.