Alcatel-Lucent closes acquisition of Motive; 96% of shares tendered

By Susanna Moon

Chicago, Oct. 7 - Alcatel-Lucent said it completed its acquisition of Motive, Inc. and that wholly owned subsidiary Lucent Technologies Inc. concluded its tender offer for all outstanding shares.

The offer expired at 5 p.m. ET on Monday.

Upon close of the acquisition, all remaining outstanding Motive shares were converted into the right to receive $2.23 per share in cash. Exempted were shares purchased in the offer and those held by stockholders who properly perfect appraisal rights under Delaware law, according to a press release.

As of the tender deadline, 29.3 million Motive common shares had been tendered, representing 96% of outstanding shares.

In June, Alcatel-Lucent agreed to acquire Motive for $67.8 million.

Paris-based Alcatel-Lucent provides solutions to deliver voice, data and video communication services to end-users.

Motive is an Austin, Texas, supplier of management software for networked products and services.

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