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Thales Board Approves Acquisition Of Alcatel Satellite Unit

April 10, 2006 | Satellite News | Staff Writer

Thales agreed to acquire Alcatel's 67 percent stake in satellite manufacturer Alcatel Alenia Space, the companies announced April 5. Thales will issue 26.7 million shares of stock to Alcatel and will pay 673 million euros ($819.9 million) in cash at the close of the deal, bringing the total value of the deal...

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