Alcatel-Lucent has become yet one more victim in the long list of companies which have not got the promised synergies following a merger. Serge Tchuruk, the French Chairman and Patricia Russo, the American CEO are both leaving. The results of the merged entity – created in a $ 10.7 billion merger two years ago-have made poor reading. Analysts have been disappointed that the new entity did not deliver the results expected when the merger took place in 2006. The merged entity announced its second quarter results recently- a net loss of 1.1 billion Euros or $ 1.7 billion.
One More M & A Victim
30 Wednesday Jul 2008
Posted in A Step A Day
People at Work & Play 