Alcatel Sets Conversion Ratio for Its Acquisition of Genesys.Business Editors/High-Tech Writers PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. &SAN FRANCISCO--(BUSINESS WIRE)--Jan. 19, 2000 Alcatel (Paris: CGEP CGEP Commonwealth Graduate Engineering Program (Virginia) CGEP Center for Gifted Education Policy .PA and NYSE NYSE See: New York Stock Exchange : ALA) and Genesys Telecommunications Laboratories, Inc. (Nasdaq: GCTI GCTI Genesys Telecommunications Laboratories Inc (stock symbol) GCTI Global Change Technology Initiative ), announced today that the conversion ratio has been set in connection with Alcatel's acquisition of Genesys in a stock-for-stock exchange. For every one share of Genesys common stock held, Genesys shareholders will receive 1.277 shares of Alcatel American Depository Shares (ADSs). Alcatel ADSs are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and represent 1/5 of an Alcatel share. Genesys shareholders will receive cash, without interest, for any fractional shares. Genesys shareholders will meet on January 21, 2000, at a special meeting, to consider the proposal to approve and adopt the Agreement and Plan of Merger and Reorganization, dated as of September 27, 1999, by and among, Genesys and Eden Merger Corp, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Alcatel, pursuant to which Eden Merger Corp. will merge with and into Genesys. Genesys will survive the merger as a separate, wholly owned subsidiary of Alcatel. About Genesys Genesys Telecommunications Laboratories, Inc. pioneered the field of Computer Telephony Integration Computer Telephony Integration - Computer Telephone Integration (CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. ) and today is a market-leader in Enterprise Interaction Management software. The company's interaction management solutions help enterprises reduce costs, increase revenues, and transform the way they manage interactions in the call/contact center and across the enterprise. Genesys' open, scalable framework and interaction management applications enable the broadest range of contact solutions in the industry, including internet contact center capabilities, outbound contact, workforce management, enterprise routing and network routing. Genesys' solutions architecture grows with the enterprise and supports customer preference in communications channels - voice, Internet, E-mail, etc. Headquartered in San Francisco, Genesys serves more than 650 customers around the world from its 43 direct sales offices and through a select group of industry partners. For more information, visit Genesys' web site at www.genesyslab.com or call 1-888-GENESYS (in the U.S.). About Alcatel Alcatel builds next generation networks, delivering integrated end-to-end voice and data communications solutions to established and new carriers, as well as enterprises and consumers worldwide. With 120,000 employees and sales of EURO 21.3 billion ($25 billion), Alcatel operates in more than 130 countries. For more information, visit Alcatel's web site www.alcatel.com. |
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