Tyco to Acquire Lucent's Power Systems Unit for $2.5 Billion

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Tyco International

(TYC)

agreed to acquire

Lucent's

(LU)

power systems business unit for $2.5 billion in cash.

The acquisition requires customary regulatory approvals. Tyco, a diversified manufacturing and services company, expects the acquisition to immediately add to earnings.

Lucent's power systems business provides energy and power products for telecommunications service providers and the computer industry.