Nokia Launches Stock Buyback Program of 150 Million Shares

MT Newswires Live2024-11-22

Nokia (NOK) said Friday it is launching a stock buyback program to repurchase 150 million shares for a total price of up to 900 million euros ($936.2 million).

The repurchases will begin Nov. 25 at the earliest and will end by Dec. 31, 2025.

Nokie said it is launching the buyback plan to "offset" the dilution from issuing new shares to Infinera's (INFN) stockholders, adding that it will terminate the repurchase program if the deal is canceled.

Earlier, Nokia said its board resolved to issue 150 million new shares to meet the company's obligation under the merger agreement by Nokia, Neptune of America Corp. and Infinera.

The Finnish telecom company agreed to acquire Infinera for an enterprise value of $2.3 billion in June.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485525543?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-22 19:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2485525543","market":"sg","top_or_hot":-1,"title":"Nokia Launches Stock Buyback Program of 150 Million Shares","media":"MT Newswires Live","content":"<html><body><p> Nokia (NOK) said Friday it is launching a stock buyback program to repurchase 150 million shares for a total price of up to 900 million euros ($936.2 million).</p><p>The repurchases will begin Nov. 25 at the earliest and will end by Dec. 31, 2025.</p><p>Nokie said it is launching the buyback plan to \"offset\" the dilution from issuing new shares to Infinera's (INFN) stockholders, adding that it will terminate the repurchase program if the deal is canceled.</p><p>Earlier, Nokia said its board resolved to issue 150 million new shares to meet the company's obligation under the merger agreement by Nokia, Neptune of America Corp. and Infinera.</p><p>The Finnish telecom company agreed to acquire Infinera for an enterprise value of $2.3 billion in June.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Launches Stock Buyback Program of 150 Million Shares</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Launches Stock Buyback Program of 150 Million Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 19:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NOK) said Friday it is launching a stock buyback program to repurchase 150 million shares for a total price of up to 900 million euros ($936.2 million).The repurchases will begin Nov. 25 at the...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2485525543","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485525543","pubTimestamp":1732274373,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Nokia  said Friday it is launching a stock buyback program to repurchase 150 million shares for a total price of up to 900 million euros .The repurchases will begin Nov. 25 at the earliest and will end by Dec. 31, 2025.Nokie said it is launching the buyback plan to \"offset\" the dilution from issuing new shares to Infinera's  stockholders, adding that it will terminate the repurchase program if the deal is canceled.Earlier, Nokia said its board resolved to issue 150 million new shares to meet the company's obligation under the merger agreement by Nokia, Neptune of America Corp. and Infinera.The Finnish telecom company agreed to acquire Infinera for an enterprise value of $2.3 billion in June.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"诺基亚启动1.5亿股股票回购计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NOK":1,"INFN":0.9},"content_text":"Nokia (NOK) said Friday it is launching a stock buyback program to repurchase 150 million shares for a total price of up to 900 million euros ($936.2 million).The repurchases will begin Nov. 25 at the earliest and will end by Dec. 31, 2025.Nokie said it is launching the buyback plan to \"offset\" the dilution from issuing new shares to Infinera's (INFN) stockholders, adding that it will terminate the repurchase program if the deal is canceled.Earlier, Nokia said its board resolved to issue 150 million new shares to meet the company's obligation under the merger agreement by Nokia, Neptune of America Corp. and Infinera.The Finnish telecom company agreed to acquire Infinera for an enterprise value of $2.3 billion in June.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485525543"}