Settlement of the litigation relating to Nokia'...

Nokia Corporation

Stock Exchange Release

December 15, 2016 at 18:30 (CET +1)

 

Settlement of the litigation relating to Nokia's public buy-out offer and squeeze-out for Alcatel-Lucent securities

Espoo, Finland - Nokia announced today the settlement of the litigation relating Nokia's public buy-out offer followed by a squeeze-out (the "Offer") for Alcatel-Lucent securities.
 

The plaintiffs withdrew today the complaint they filed before the Paris Court of Appeal on September 30, 2016 against the clearance decision of the French stock market authority (Autorité des marchés financiers, "AMF") of September 20, 2016 regarding the Offer. Nokia has agreed to bear the costs of the proceedings. As a result of this settlement, the earlier commitments made by Nokia as a precautionary measure to the AMF in connection with its decision to proceed with the squeeze-out are no longer in force. Consequently, the funds and Alcatel-Lucent securities deposited into blocked accounts have been released to Nokia and Nokia no longer has an obligation to maintain the integrity of the entity Alcatel Lucent S.A.

As announced previously, Nokia owns 100% of Alcatel-Lucent securities since the implementation of the squeeze-out on November 2, 2016.

 

 

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About Nokia 

Nokia is a global leader in the technologies that connect people and things. Powered by the innovation of Nokia Bell Labs and Nokia Technologies, the company is at the forefront of creating and licensing the technologies that are increasingly at the heart of our connected lives. 

 

With state-of-the-art software, hardware and services for any type of network, Nokia is uniquely positioned to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the Cloud and the Internet of Things. www.nokia.com

 

 

 

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Source: NOKIA via Globenewswire