Antitrust Law Daily Wrap Up, ACQUISITIONS & MERGERS NEWS: Nokia and Alcatel-Lucent merger may proceed, says DOJ, (Jun 18, 2015)
Organizations Mentioned:Alcatel-Lucent SA | Nokia Corp. | Nokia Corp.FI | U.S. Department of Justice
By Jody Coultas, J.D.
The U.S. Department of Justice granted early termination of the U.S. antitrust waiting period for the merger of Nokia Corp. and Alcatel-Lucent SA. The termination follows antitrust approvals from Brazil and Serbia.
“Early termination of the U.S. antitrust waiting period takes us one important step closer to the closing of the pending transaction,” according to Nokia. “Both companies will continue to cooperate with the remaining authorities to close their reviews as quickly as possible.”
The transaction remains subject to approval by Nokia shareholders, receipt of other regulatory approvals, and other customary conditions. The transaction is expected to close in the first half of 2016, according to Nokia.
Companies: Nokia Corp.; Alcatel-Lucent SA
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