Shares of Infinera Corporation (INFN) were rising more than 18 percent in pre-market on Friday to $6.23, after the company said Nokia (NOK) has agreed to buy Infinera in a cash-and-stock transaction valued about $2.3 billion.
The purchase price of $6.65 per share represents a premium of 28 percent to the closing price of Infinera share on June 26.
Infinera shares had closed at $5.26, up 1,54 percent on Thursday. The stock has traded in the range of $2.82 - $6.62 in the last 1 year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.