Technology Industry
Industry: Email Alert RSS FeedAlcatel buy of Lucent would see intense scrutiny by feds.(News)
RCR Wireless News, April, 2006
Byline: JEFFREY SILVA Experts said a merger between French telecom giant Alcatel SA and U.S.-based Lucent Technologies Inc. likely would undergo intense scrutiny over national security implications, possibly delaying but not necessarily dooming a blockbuster vendor deal that could become a major test case for congressional-driven reforms of the secretive governmental process for reviewing foreign investment in American companies.
While the Alcatel board was set to meet last Thursday to discuss a possible transaction creating the world's biggest telecom supplier, the Senate Banking Committee unanimously approved and sent to the Senate floor a bill revamping the U.S. Treasury-led Committee on Foreign Investment in the United States. The legislation was...
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