Lucent-Alcatel merger gets U.S. approval

Federal antitrust authorities have approved the $13.4 billion Lucent-Alcatel merger. The merger still must win approvals from various other bodies both in the U.S. and abroad as well as approval from the shareholders of the two companies. Alcatel shareholders will place their votes in September. The merger is a 60/40 split between Alcatel's shareholders and Lucent, respectively.

For more on the Lucent-Alcatel merger:
- see this New York Times article