Nokia Closes Acquisition Of Alcatel-Lucent Shares -- Nokia Shares Down More Than 3%

Shutterstock photo

Nokia ( NOK ), a communications and information technology company, said it has closed the acquisition of 107.8 million shares of Alcatel-Lucent (ALU).

The company acquired the shares from JPMorgan Chase Bank ( JPM ) as part of an agreement announced in March. Following the close Nokia owns 94.64% of the share capital and 94.57% of the voting rights of Alcatel-Lucent.

The new Nokia shares were paid by contribution in kind at an exchange ratio of 0.55 Nokia share for each Alcatel-Lucent share purchased. Nokia plans to register 59.3 million shares with the Finnish Trade Register. The shares are expected to begin trading on Nasdaq Helsinki on or about May 11 and Euronext Paris on or about May 12.

Shares of NOK are down $0.19, or 3.34%, at $5.50 within a 52-week range of $5.61 - $7.63.

Shares of ALU are at $3.47 within a 52-week range of $3.06 - $4.96.

Shares of JPM are at $61.22 within a 52-week range of $50.07 - $70.61.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , ETFs
Referenced Symbols: NOK , JPM

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?