Summary by Futu AI
Nokia Corporation is set to merge with Infinera Corporation, with the expected closure of the deal in the first half of 2025, pending stockholder approval and other closing conditions. Infinera will become a wholly owned subsidiary of Nokia post-merger. Infinera stockholders have the option to receive cash, Nokia shares, or a combination thereof, with the transaction offering a premium over Infinera's pre-announcement closing share price. The merger aims to bolster a global optical business with enhanced technology capabilities and vertical integration. Infinera's Board has recommended that its stockholders vote in favor of the merger. The deal is not dependent on financing, as Nokia plans to utilize its cash reserves for the cash portion of the transaction. Should...Show More