Infinera Announces Offer to Acquire Transmode
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Infinera (INFN) Announces $350M Bid to Acquire Transmode
April 9, 2015 6:07 AM UTCInfinera (NASDAQ: INFN) announced its offer to acquire Transmode, a leader in metro packet-optical networking through a recommended public offer to the shareholders of Transmode (the "Offer"). Transmode is headquartered in Stockholm, Sweden, and listed on Nasdaq Stockholm (TRMO).
The Board of Directors of Transmode has unanimously recommended to Transmode's shareholders to accept the Offer. Pod Investment AB, the largest shareholder, which holds approximately 33 percent of the total shares and voting rights in Transmode, has undertaken to accept the Offer subject to customary conditions.
Complementing Infinera's strength in the long-haul... More
