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Tyco buying Lucent unit

Tuesday, Nov. 14, 2000 | 10:26 a.m.

Tyco International agreed to acquire Lucent Technologies' power-systems unit for $2.5 billion in cash in a move the manufacturing company hopes will allow it to leverage its strength in selling a wide range of items such as fiber-optics components, fire protection systems and disposable medical products. The power-systems division employs 4,700 people at plants in Mesquite, Texas, and Matamoros, Mexico.

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