Wednesday, December 2, 2015

Nokia Shareholders Approve all Resolutions for ALU Deal

Shareholders in Nokia Corporation approved all resolutions concerning the proposed acquisition of Alcatel-Lucent.

This follows the earlier-than-expected receipt of all regulatory approvals required to proceed with the proposed transaction and the launch of the French and U.S. public exchange offers for Alcatel-Lucent securities. The planned transaction is expected to close in the first quarter of 2016.

"We are delighted that the vast majority of Nokia’s shareholders recognize the long-term value creation opportunity that this proposed combination represents. We now encourage Alcatel-Lucent shareholders and convertible bondholders to help realize this potential by tendering their securities into the public exchange offer. By doing so, they would play an important role in helping to create a new leader in next generation technology and services for an IP connected world," stated Rajeev Suri, President and CEO of Nokia Corporation.