Merger of Alcatel-Lucent, Motive one step closer to completion

By Lisa Kerner

Charlotte, N.C., Aug. 18 - The Federal Trade Commission announced it granted early termination of the Hart-Scott-Rodino waiting period in Alcatel-Lucent's offer for Motive, Inc.

Alcatel-Lucent's wholly owned subsidiary, Lucent Technologies Inc., extended its tender offer for all of the issued and outstanding common shares of Motive until midnight ET on Sept. 10 from Aug. 12.

About 27 million shares had been tendered into the offer and not withdrawn as of midnight ET on Aug. 12, Alcatel-Lucent said previously.

In June, Alcatel-Lucent agreed to acquire Motive for $2.23 per share in a deal valued at about $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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