US-based telecom equipment maker Lucent Technologies and its French rival Alcatel have confirmed that they are discussing a potential merger of equals. The companies, which have a combined market capitalisation of more than $34 billion, have stated that the deal, if concluded, would be “priced at market”, meaning that no premium would be contemplated on their stock prices.
Meanwhile, both companies have clarified that there are no guarantees till an agreement is reached.
