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ESPOO, Finland - Nokia (HE:NOKIA) Corporation (NYSE:NOK) has completed a significant step in its acquisition of Infinera (NASDAQ:INFN) Corporation by transferring 127,434,986 of its own shares to Citibank, N.A., which acts as the depositary bank for Nokia’s American Depositary Share facility. The transfer, which took place today, facilitates the distribution of shares to Infinera shareholders who opted for share or mixed consideration as part of the merger terms.
This share distribution follows the Merger Agreement entered into on June 27, 2024, between Nokia, Neptune of America Corporation, and Infinera. According to the agreement terms, the subscription price for the Nokia shares is equivalent to the closing price on Nasdaq Helsinki on February 28, 2025, the date the merger was finalized.
Following this transaction, Nokia Corporation now holds 133,882,828 of its own shares. The remaining portion of the merger consideration will be paid to Infinera shareholders in cash.
The directed issuance of shares is in line with the resolution made by Nokia’s Board of Directors on November 22, 2024. This strategic move is part of Nokia’s broader efforts to strengthen its position as a B2B technology innovation leader, focusing on networks that are capable of sensing, thinking, and acting.
Nokia has been at the forefront of technology development, leveraging its expertise across mobile, fixed, and cloud networks. The company also prides itself on its intellectual property and long-term research, notably from the Nokia Bell Labs, which is recognized for a century of innovation.
The acquisition aims to integrate Infinera’s capabilities with Nokia’s vision of creating high-performance networks that offer new opportunities for monetization and scalability. Service providers, enterprises, and partners globally rely on Nokia for secure, reliable, and sustainable network solutions.
This transaction is expected to further Nokia’s commitment to delivering advanced digital services and applications for the future. The information regarding the share distribution is based on a press release statement from Nokia Corporation.
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