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Odey Asset Management, Alcatel-Lucent's
second-largest shareholder with 5 percent, said in a letter to
investors that it would not tender its shares in the Nokia
takeover because the 15.6 billion euro price in the all-share
deal was too low, according to the Financial Times newspaper.
"We've met many investors in the last couple weeks, and there's
very strong, good feedback," Suri said on a call after
first-quarter results.
He declined to say whether the terms of the deal would be
altered, adding only that both boards had already approved them.
"Fundamentally this is a good deal with attractive upside in
long-term and upfront."
Alcatel-Lucent shareholders do not need to vote to ratify the
deal since it will go through as long as 51 percent of shares
are tendered.
(Reporting by Jussi Rosendahl; Editing by Leila Abboud)
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