Settlement of the litigation relating to Nokia's public buy-out offer and squeeze-out for Alcatel-Lucent securities
December 15 2016 - 11:32AM
Nokia CorporationStock Exchange ReleaseDecember 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proceed with the squeeze-out are no longer in force.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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