Alcatel shareholders dial 'yes' for merger

Alcatel shareholders voted overwhelmingly to approve the company's $13.4bn (€10.5bn) merger with US group Lucent Technologies, dismissing concerns that they would block the deal to demand better terms.

Eighty-five percent of Alcatel investors voted last night in Paris to approve the deal, easily hurdling the 66.6% majority needed for approval.

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