28.06.2024 14:45:10 - dpa-AFX: Infinera Jumps In Pre-market On News Of Acquisition By Nokia
WASHINGTON (dpa-AFX) - Shares of Infinera Corporation (INFN) were rising
more than 18 percent in pre-market on Friday to $6.23, after the company said
Nokia (NOK) has agreed to buy Infinera in a cash-and-stock transaction valued
about $2.3 billion.
The purchase price of $6.65 per share represents a premium of 28 percent to the
closing price of Infinera share on June 26.
Infinera shares had closed at $5.26, up 1,54 percent on Thursday. The stock has
traded in the range of $2.82 - $6.62 in the last 1 year.
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