Nokia Corporation: Repurchase of own shares on 27.11.2024
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Nokia Corporation has initiated a share buyback program to repurchase 150 million shares for up to EUR 900 million, starting on 25 November 2024 and ending by 31 December 2025. This move aims to offset the dilution from new shares issued to Infinera Corporation shareholders.
November 27, 2024 | 8:45 pm
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POSITIVE IMPACT
Nokia has started a share buyback program to repurchase 150 million shares for a maximum of EUR 900 million. This is to counteract dilution from shares issued to Infinera Corporation shareholders.
The share buyback program is a positive signal to investors as it indicates Nokia's commitment to managing share dilution and potentially increasing shareholder value. The buyback could lead to a short-term increase in stock price due to reduced supply and increased demand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100