Nokia Corporation is set to acquire Infinera Corporation, a U.S.-based provider of optical networking solutions, in a merger expected to close in the first half of 2025. The agreement is pending, awaiting approval from Infinera's stockholders and regulatory bodies in the U.S., EU, and other jurisdictions. Infinera's Board of Directors has unanimously recommended that its stockholders approve the merger, which promises to create a larger entity with robust in-house technology capabilities and a comprehensive product portfolio. The merger consideration will allow Infinera stockholders to receive cash, Nokia shares, or a combination of both. The deal follows months of negotiation and consideration of strategic benefits and potential synergies. Infinera also considered other strategic alternatives and engaged with other potential counterparties before deciding to proceed with Nokia's proposal. The final terms involve Nokia acquiring Infinera at $6.65 per share, with a cap of 30 percent of the aggregate consideration payable in Nokia shares. The announcement of the merger was made jointly by Nokia and Infinera on June 27, 2024.

Nokia Corporation is set to acquire Infinera Corporation, a U.S.-based provider of optical networking solutions, in a merger expected to close in the first half of 2025. The agreement is pending, awaiting approval from Infinera's stockholders and regulatory bodies in the U.S., EU, and other jurisdictions. Infinera's Board of Directors has unanimously recommended that its stockholders approve the merger, which promises to create a larger entity with robust in-house technology capabilities and a comprehensive product portfolio. The merger consideration will allow Infinera stockholders to receive cash, Nokia shares, or a combination of both. The deal follows months of negotiation and consideration of strategic benefits and potential synergies. Infinera also considered other strategic alternatives and engaged with other potential counterparties before deciding to proceed with Nokia's proposal. The final terms involve Nokia acquiring Infinera at $6.65 per share, with a cap of 30 percent of the aggregate consideration payable in Nokia shares. The announcement of the merger was made jointly by Nokia and Infinera on June 27, 2024.