NOK - Nokia To Acquire Infinera: Infinera's Stock Soars | Benzinga
Infinera Corporation (NASDAQ:INFN) shares are trading higher Thursday after the company announced Nokia Corp (NYSE:NOK) will acquire the company in a transaction valuing Infinera at $6.65 per share.
The Details: The companies announced a definitive agreement under which Nokia will acquire Infinera in a transaction valuing the company at $6.65 per share or an enterprise value of $2.3 billion.
The transaction represents a premium of 28% to Infinera’s share price at the ...