"Permira is the lead horse. It is offering $1.3 billion and the process is expected to last another month," claimed a source close to the matter.
Permira and Alcatel-Lucent declined to comment.
Alcatel-Lucent (NYSE:ALU) has a potential upside of 20.3% based on a current price of $5.89 and an average consensus analyst price target of $7.09.
Permira is the frontrunner to buy Genesys, an Alcatel-Lucent (NYSE:ALU) unit, in a report by Reuters. According to sources familiar with the situation, Permira is offering $1.3B and the process is expected to last another month.