Nokia Says To Acquire Infinera For $6.65 Per Share
June 27 (Reuters) -Nokia Oyj NOKIA.HE:
REG-INSIDE INFORMATION: NOKIA TO ACQUIRE INFINERA TO INCREASE SCALE IN OPTICAL NETWORKS AND ACCELERATE PRODUCT ROADMAP
NOKIA TO ACQUIRE INFINERA TO INCREASE SCALE IN OPTICAL NETWORKS AND ACCELERATE PRODUCT ROADMAP
TARGETED NET COMPARABLE OPERATING PROFIT SYNERGIES OF EUR 200 MILLION BY 2027
NOKIA IS ACQUIRING INFINERA FOR $6.65 PER SHARE
NOKIA - EXPECTED TO BE ACCRETIVE TO NOKIA'S COMPARABLE OPERATING PROFIT AND EPS IN YEAR 1 AND TO DELIVER OVER 10% COMPARABLE EPS ACCRETION IN 2027
OFFER SPLIT AT LEAST 70% CASH AND UP TO 30% STOCK
WILL ACQUIRE INFINERA IN A TRANSACTION VALUING COMPANY AT $6.65 PER SHARE OR AN ENTERPRISE VALUE OF US$ 2.3 BILLION
NOKIA TO INCREASE SHARE BUYBACK TO OFFSET DILUTION; DEAL FINANCED FROM NOKIA'S CASH ON HAND
NOKIA-AT OR AROUND TIME OF CLOSING OF DEAL CO WILL REPURCHASE INFINERA'S OUTSTANDING CONVERTIBLE NOTES FOR ABOUT $760 MILLION
Source text for Eikon: ID:nGNE4lk5Wv
Further company coverage: NOKIA.HE
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