Lucent Edges Higher on Possible Plant Sale
Lucent (LU) was up 0.3%, the most active stock on the NYSE, after media reports that the company was selling two key plants to Canadian electronics manufacturer Celestica (CLS) - Get Report.
The Wall Street Journal
today reported that an official announcement of the deal was not expected for a few weeks, but that the sale could bring in between $600 million and $900 million for Lucent.
The troubled network equipment maker announced plans to sell the plants in April, but perspective deals have fallen through.
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