Skadden and Sullivan act on Nokia's €15bn acquisition of Alcatel-Lucent
Latham & Watkins and Finnish firm Roschier also grab roles on the deal as boards agree telecoms mega merger
April 16, 2015 at 05:13 AM
1 minute read
Nokia has turned to Skadden Arps Slate Meagher & Flom on its €15.6bn (£11.2bn) acquisition of French telecoms company Alcatel-Lucent, while Sullivan & Cromwell has picked up another leading role on the deal.
The telecoms giants entered into a memorandum of understanding yesterday that will see Nokia acquire the entirety of Alcatel-Lucent's equity in a public exchange offer in France and in the United States.
Nokia has offered 0.55 new Nokia shares for every Alcatel-Lucent share in the combined company.
The Finnish headquartered company instructed Skadden to lead the deal, but also called on local firm Roschier.
Sullivan topped Alcatel-Lucent's list of advisers, acting on all aspects of the acquisition under French and US law.
Sullivan's team was spread across four offices and included London corporate partner Richard Morrissey, Paris corporate partner Gauthier Blanluet, Palo Alto intellectual property partner Nader Mousavi and New York anititrust and EU competition partner Steven Holley.
Latham & Watkins acted for Alcatel-Lucent's board of directors "on certain aspects of the transaction" that were left unidentified by the firm. Latham's team was led by Paris office partners Patrick Laporte and Pierre-Louis Cl
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