JNA recommends shareholders to accept Lucent offer

JNA recommends shareholders to accept Lucent offer

JNA's board has recommended to its shareholders that it accepts Lucent's $114 million takeover bid for the company.

JNA managing director Peter Davies told ARN: "The board obviously feels the offer is a fair one, as it is a considerable premium above the average share price for the first six months of this year.

"This offer has come as a result of our international search for a strategic partner and the terms and conditions are acceptable."

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