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424B3: Prospectus

SEC ·  Aug 21 16:05

Summary by Moomoo AI

Nokia Corporation has entered into a Merger Agreement with Infinera Corporation, with the transaction set to take place on June 27, 2024. Infinera is to merge with Neptune of America Corporation, a Merger Sub, and become a wholly owned subsidiary of Nokia. The deal offers Infinera stockholders a 28% premium over the stock's closing price on June 26, 2024, with options for cash, Nokia shares, or a combination as merger consideration. A special meeting for Infinera stockholders is scheduled for October 1, 2024, to vote on the agreement. The merger is contingent on regulatory approvals and the approval of Infinera stockholders. If the merger does not proceed, Infinera will continue as an independent company. The expected closure of the merger is in the first half of...Show More
Nokia Corporation has entered into a Merger Agreement with Infinera Corporation, with the transaction set to take place on June 27, 2024. Infinera is to merge with Neptune of America Corporation, a Merger Sub, and become a wholly owned subsidiary of Nokia. The deal offers Infinera stockholders a 28% premium over the stock's closing price on June 26, 2024, with options for cash, Nokia shares, or a combination as merger consideration. A special meeting for Infinera stockholders is scheduled for October 1, 2024, to vote on the agreement. The merger is contingent on regulatory approvals and the approval of Infinera stockholders. If the merger does not proceed, Infinera will continue as an independent company. The expected closure of the merger is in the first half of 2025. Infinera's board has unanimously recommended that stockholders vote for the merger, and Sodali & Co has been engaged to assist with proxy solicitation. The merger is subject to various risks and conditions, and if not met, the agreement could be terminated. Post-merger, Infinera stockholders will have different rights as Nokia shareholders, and there could be dilution for current Nokia shareholders. Infinera's directors and executive officers have interests that may differ from other stockholders, and the agreement includes provisions that could deter other acquisition proposals. Centerview Partners LLC is serving as Infinera's financial adviser for the merger.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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