Alcatel-Lucent extends tender offer for Motive

By Lisa Kerner

Charlotte, N.C., Aug. 13 - Alcatel-Lucent's wholly owned subsidiary, Lucent Technologies Inc., extended its tender offer for all of the issued and outstanding common shares of Motive, Inc. until midnight ET on Sept. 10 from Aug. 12.

About 27 million shares had been tendered into the offer and not withdrawn as of midnight ET on Aug. 12, Alcatel-Lucent said.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.

It was previously reported that the tender offer is conditioned on at least 17,639,096 shares, or 58.3%, of Motive's common stock being tendered.

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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