Nokia (NOK) agreed to acquire Infinera (INFN) in a transaction valuing the company at $6.65 per share or an enterprise value of US$2.3 billion, the companies said in a statement.
Nokia noted that the transaction represents a premium of 28% to Infinera's share price at the close of 26 June 2024. At least 70% of the consideration will be paid in cash and Infinera's shareholders can elect to receive up to 30% of the aggregate consideration in the form of Nokia ADSs.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.