Lucent Falls on Reports of Failed Deal

By TSC Staff ,

Lucent (LU) was down 4.1% in early trading, after the Wall Street Journal reported its plans to sell two manufacturing plants to Flextronics (FLEX) - Get Report had fallen through.

The company is looking for another buyer, the

Journal

said. The stock fell 8.9% Wednesday after its credit rating was downgraded to junk status by

Standard & Poor's

.

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