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Nokia officially launched on Aaron offer

Nokia officially launched on Aaron offer $16600000000 valuation

On November 18th news Nokia today officially to Alcatel lucent (referred to as “Aaron”) launched a tender offer to swap.

In April this year, Nokia announced to 15600000000 euros ($16600000000) acquisition of Alonso’s price. According to the memorandum of understanding signed by the two, Nokia will be put in an offer, full acquisition Alcatel lucent has issued securities and in France and the United States to open exchange offer merger, each share of Alcatel lucent stock exchange 0.55 shares of Nokia’s new stock issue.

As of October this year, the transaction has been approved by all antitrust authorities, including the U.S. Department of justice, the U.S. Overseas Investment Commission (CFIUS) and the Chinese Ministry of commerce. If there is enough time and Nokia shareholders accept the offer, shareholders agreed to the deal can be reached.

According to estimates, the transaction is expected to be completed in the first half of 2016. The combined new company name for NOKIA, headquartered in Finland, and has a considerable size of the business in france. According to the plan, NOKIA chairman Li Situo (Siilasmaa Risto) will serve as chairman of the new company, CEO CEO (Suri Rajeev) will serve as the new company.

Nokia’s move to build the company into a “one-stop” telecommunications companies and Internet service providers, thus better and emerging rival Huawei and traditional rival Ericsson competition. Earlier this month, Ericsson and CISCO reached a commercial and technical strategic cooperation agreement, the integration of the two sides in the field of wireless and Internet equipment, the advantages of resources, to compete with NOKIA and other competitors.

Source Translated: http://www.it985.com/news/itnews/2015/1119/5854.html

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