Alcatel-Lucent Holders Remain Patient in Annual Meeting, Dilution and Reorg Await
Another unfortunate outcome is that this likely means that many of the Lucent assets are likely to be jettisoned, sold or partnered off at unfavorable fire-sale terms, compared to what was paid for them. The company has managed to burn through about half a billion euros (or about $650 million) just in the first quarter alone.
I doubt if there is going to be any fire-sale anytime soon. Avoiding this kind of problem is a key benefit of the Goldman loan. This is why ALU is able top shop its Submarine Cable and Enterprise units at a measured pace over the next year or so, rather than taking an early offer.