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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