Alcatel-Lucent has begun a cash tender offer to purchase all of the outstanding shares of Motive for â‚¬1.4 (US$2.23) a share, according to a Dow Jones report.
According to a filing with the Securities and Exchange Commission, the offer expires Aug. 12, unless it's extended, the Dow Jones report said.
In mid-June, Alcatel-Lucent announced that it agreed to buy Motive, a provider of service management software for broadband and mobile-data services, for â‚¬42.7 million (US$67.8 million), or â‚¬1.4 (US$2.23) a share.
It said the acquisition extends a productive three-year relationship between the two companies.
Alcatel-Lucent and Motive jointly develop and sell remote management software systems for automating the deployment, configuration and support of advanced home networking devices called residential gateways.