jac, Yes, some time back, effectively, Michel Combes had indicated to IPO the submarine division and the proceed to be distributed to the investors. The submarine cable has been a great success to connect various parts of the world from undersea cables. I feel as the submarine entity to be delt differently.
merger is still pending for mid 2016 although some rumors were heard that the deal ALU/NOK could be completed by the end of 2015. Michel Combe is leaving his position of CEO on September 1st. to be replaced by chairman of the board.
It can happen. After all FTR was at $9.1/sh. on November 8, 2010.
Sentiment: Strong Buy
To conclude, I think it's safe to say that Alcatel-Lucent did have a fabulous quarter, showcasing its improvements in profit and balanced demand. For the last few months investors have speculated that Nokia would not have purchased the entire company had it been able to just get the IP routing business, but I think Alcatel-Lucent is proving that it has a lot to offer, and is diversified, thereby making the investment appeal of Nokia and Alcatel-Lucent that much more appealing
It is obvious that ALU will want to see as many pensioners as possible to take the lump-sum before September 25th. On the contrary should this not happen, it will not be surprising for ALU to reinstate a second lump-sum proposition to pensioners. ( This is only my own deduction )
myk, leaving the lump-sum untouched represents also a risk as the beneficiary will not get a penny upon the pensioner's death. I would probably opt for a 25 or 75% life insurance option offered by ALU The monthly payment would of course be lesser but at least with a certain return for life of the beneficiary. This is not an easy decision which has to be taken with good research without hurrying.