Nokia To Acquire Infinera In Transaction Valued At $6.65 Per Share Or An Enterprise Value Of $2.3B
Portfolio Pulse from Benzinga Newsdesk
Nokia is set to acquire Infinera in a transaction valued at $6.65 per share, with an enterprise value of $2.3 billion.
June 27, 2024 | 8:53 pm
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POSITIVE IMPACT
Infinera to be acquired by Nokia for $6.65 per share, with an enterprise value of $2.3 billion, providing a premium to its current shareholders.
The acquisition by Nokia offers a premium to Infinera's shareholders, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Nokia's acquisition of Infinera for $6.65 per share, valued at $2.3 billion, is likely to strengthen its market position in the telecommunications sector.
The acquisition is a strategic move for Nokia, potentially boosting its market share and competitive edge in the telecommunications industry.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100