Alca-Lu act on takeover offer for Motive

Alcatel-Lucent has begun a cash tender offer to purchase all of the outstanding shares of Motive for €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 €42.7 million (US$67.8 million), or €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.