
Tyco Closes Acquisition of Lucent's Power Systems Division
Tyco International
(TYC)
completed the $2.5 billion cash acquisition of
Lucent's
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(LU)
power systems business unit, a provider of energy systems and power products for telecom service companies and the computer industry.
Shares of Tyco, a diversified manufacturing and services company, ended the regular session on the Big Board at $55.50, down 6 cents, or 0.1%, while Lucent finished at $13.50, up 38 cents, or 2.9%.