Infinera's Acquisition by Nokia Expected to Close Feb 2025

Upcoming acquisition: Infinera Corporation's acquisition by Nokia is anticipated to close around February 28, 2025, pending regulatory approval.

Date: 19-02-2025

AI Rating: 6

Overview of the Acquisition
Infinera Corporation (INFN) has announced its acquisition by Nokia Corporation, which is expected to close around February 28, 2025. This timeline is contingent upon obtaining final regulatory approvals and meeting customary closing conditions.

The report indicates that shareholders of Infinera have the option to revoke their prior election on merger consideration before the deadline of February 21, 2025. This is crucial for those looking to sell or transfer shares, as any revocations submitted after this deadline will not be recognized.

Merger Consideration Details
Infinera stockholders who wish to revoke their election can do so to ensure they receive $6.65 per share in cash upon completion of the transaction, though this is subject to proration as outlined in the Proxy Statement/Prospectus filed with the SEC.

This situation presents an interesting scenario for investors. While there is no direct information regarding earnings per share (EPS), revenue growth, net income, profit margins, free cash flow, or return on equity mentioned in the report, the imminent closure of the acquisition provides a clear valuation point for shareholders based on the proposed merger consideration.

Currently, INFN shares are trading slightly higher at $6.66, reflecting investor confidence in the acquisition proceeding as planned, but this value is close to the stated merger price. As such, the stock may not have much upward movement until further developments in the acquisition timeline or other financial results of the company are disclosed.

Stocks: INFN