Breaking Finance News

BREAKING- Alcatel-Lucent Up 12 Percent on Nokia Deal (ALU)

Shares of Alcatel-Lucent (NYSE: ALU) are up sharply this morning on the back of the Microsoft (NASDAQ: MSFT) deal to purchase a portion of Nokia (NYSE: NOK).

Microsoft agreed to pay more than $7 billion for Nokia in a deal that took the street by surprise. Shares of Microsoft are down in early trading Tuesday but Nokia is up 38 percent along with stocks like Alcatel-Lucent, a French networking company, soaring as well.

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Disclosure: At the time of this writing, the author had no position in the company mentioned.

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