Alcatel-Lucent (ALU) to Buy Motive Inc. (MOTV.OB) for $67.8M
France's Alcatel-Lucent (ALU) says it will buy Austin, Texas automation software firm Motive Inc. for $67.8 million in a cash deal. The $2.23 per share purchase price represents a premium of about 53 percent over Motive's (MOTV.OB) closing stock price on June 16. Motive will be folded into a subsidiary of Alcatel-Lucent. The deal is slated to close in the fourth quarter. Motive Chairman and CEO Alfred Mockett says the transaction is likely to result in more people and investment being added to Austin. Motive has about 300 employees worldwide with research and development operations in both Austin and Bangalore,…