Nokia (NOK) to acquire Infinera (INFN) for $6.65 per share, $2.3 billion deal

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/17/2026

1. SPY
2. FLNC
3. CRM
4. GNRC
5. CRWV
6. NVDA
7. USO
8. LMT
9. META
10. TLT

Go back to Nokia (NOK) to acquire Infinera (INFN) for $6.65 per share, $2.3 billion deal

Needham Downgrades Infinera Corp. (INFN) to Hold

June 28, 2024 7:02 AM EDT

Needham analyst Ryan Koontz downgraded Infinera Corp. (NASDAQ: INFN) from Buy to Hold.

The analyst comments "NOK announced it would acquire INFN for $2.3B ($6.65 per share), equal to a 28% premium to yesterday's closing stock price. The move will consolidate two sub-scale and underperforming... More