The $6.65 per share sale price is 26.4% higher than Infinera’s Thursday closing price of $5.26. Nokia will give Infinera at least seventy percent in cash.
As the Finnish company seeks to grow its optical network business, particularly in the North American market, Nokia (NOKIA.HE) said on Thursday that it will buy Infinera Corp. (INFN.O) in a deal with an enterprise value of $2.3 billion. Infinera’s stock increased by around 22%.
The $6.65 per share sale price is 26.4% higher than Infinera’s Thursday closing price of $5.26. Nokia will give Infinera at least seventy percent in cash. According to a statement from the firms, Infinera’s shareholders have the option to receive up to 30% of the total payment in the form of American Depositary Shares of Nokia.
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