|
|
 |
|
Viewing report
|
|
|
|
Alcatel's 'A/A-1' Ratings Affirmed After Acquisition of Canadian Network Company Feb 00
Standard & Poors, Feb 2000
Abstract
LONDON (Standard & Poor's CreditWire) Feb. 24, 2000--Following the announcement that telecommunications equipment manufacturer Alcatel S.A. has entered into a definitive agreement to acquire Newbridge Networks Corp. (Newbridge) in a stock-for-stock transaction valuing Newbridge at about US$7.1 billion, Standard & Poor's today affirmed its single-'A'/'A-1' ratings on Alcatel S.A. (Alcatel) and related entities.(See list below for all rating actions). Completion of the acquisition is subject to Newbridge and Alcatel shareholders' approval, the expiration or termination of waiting periods under applicable antitrust laws, Canadian foreign investment review, and other customary conditions. Alcatel's acquisition of Newbridge strengthens Alcatel's product portfolio for broadband networks and complements the company's other recent acquisitions in North America. The Newbridge acquisition will make it easier for Alcatel...
Companies mentioned in this report are: Alcatel-Lucent
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.
|
|
|
|
