Deals
Nokia Deal Risks Uncovered as Moody’s Digs Into Merger Details
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Nokia Oyj shares gained on news it struck a $16.6 billion deal to buy French rival Alcatel-Lucent SA. But through the eyes of a credit analyst, the picture is far from rosy.
Nokia’s plan to buy Alcatel with stock will create the world’s biggest maker of equipment for mobile-phone networks. It’s also the largest merger in Finnish history and the mammoth task of combining the two companies is starting to make some bond analysts uncomfortable.