Alcatel-Lucent once again extends tender offer for Motive

By Lisa Kerner

Charlotte, N.C., Sept. 11 - Alcatel-Lucent subsidiary Lucent Technologies Inc. extended its tender offer for Motive, Inc.'s outstanding shares of common stock to 5 p.m. on Oct. 6.

The offer was slated to end at midnight on Sept. 10, a company news release said.

As of Sept. 10, approximately 28.6 million shares had been tendered, according to Alcatel-Lucent.

Previously, Alcatel-Lucent extended the offer to Sept. 10 from Aug. 12.

About 27 million shares had been tendered into the offer as of Aug. 12, Alcatel-Lucent said.

In June, Alcatel-Lucent agreed to acquire Motive for $2.23 per share in a deal valued at about $67.8 million.

Paris-based Alcatel-Lucent provides solutions to deliver voice, data and video communication services to end-users.

Motive is an Austin, Texas, supplier of management software for networked products and services.

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