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Alcatel's 'A'/'A-1' Ratings Affirmed Following Agreement to Acquire Genesys; Outlook Stable Sep 99
Standard & Poors, Sep 1999
Abstract
LONDON (Standard & Poor's CreditWire) Sept. 29, 1999--Standard & Poor's today affirmed its ratings on Alcatel S.A. and related entities. The outlook is stable. (See list below for all rating actions.) The affirmations follow the announcement that Alcatel has entered into a definitive agreement to acquire Genesys Telecommunications Laboratories Inc. (not rated) in a stock-for-stock transaction valuing Genesys at about $1.5 billion. Completion of the acquisition is subject to the expiry or termination of applicable waiting periods under appropriate antitrust laws, and approval by Genesys shareholders. The deal is expected to be completed in January 2000. Genesys is a U.S.-based software house dealing in computer telephony integration and enterprise interaction management solutions products. The acquisition complements Alcatel's other recent acquisitions...
Companies mentioned in this report are: Alcatel-Lucent,DSC Communications (Alcatel USA),Alcatel N.V.,Alcatel Inc.,Alcatel Canada Finance Inc.
Action: Affirmed
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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