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home / articles / why infinera stock is moving higher friday benzinga mwn benzinga

NOK - Why Infinera Stock is Moving Higher Friday | Benzinga

Nokia Corporation Sponsored American Depositary Shares

Infinera (NASDAQ:INFN) shares are trading higher Friday following an announcement by Nokia (NYSE:NOK) that it will acquire the company.

What Happened: Nokia is set to purchase Infinera at $6.65 per share, totaling to $2.23 billion. This share price represents a premium of 28% to Infinera’s share price on Wednesday at market close.

Infinera shareholders can choose to receive either $6.65 in cash, 1.78 Nokia ...

Full story available on Benzinga.com
Stock Information
Company Name: Nokia Corporation Sponsored American Depositary Shares
Stock Symbol: NOK
Market: NYSE
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