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Samsung Says Nokia Takeover Rumors are Without Merit

SEOUL--South Korean consumer electronics giant Samsung Electronics Co. (005930.SE) Monday said speculation that it is planning to launch a bid for Nokia Corp. (NOK) are without merit. "The rumor regarding the acquisition of Nokia is groundless," the Samsung spokesperson said. Nokia shares traded sharply higher Friday, amid speculation that Samsung was planning to launch a bid for the struggling Finnish handset maker. At 0856 GMT shares in Nokia traded 0.9% lower at EUR2.342 ($2.95), against a 2% rise for the broader Helsinki stock market. Write to Jung-Ah Lee and Sven Grundberg at sven.grundberg@dowjones.com.

Stock News for Nokia (NOK)
DateTimeHeadline
05/24/201301:20:17Nokia Says HTC Infringed Three of Its Patents
05/23/201323:56:06Nokia Says HTC Infringed Three of Its Patents, Seeks Compensation
05/23/201305:09:14Nokia Siemens, Intel Sign Deal to Develop Ecosystem
05/14/201316:43:34TECH STOCKS: Microsoft, Yahoo Lead Slate Of Tech Gains
05/14/201313:26:32TECH STOCKS: Yahoo Leads Techs Up; BlackBerry, Nokia Fall
05/14/201308:00:09Nokia Makes Top-End Addition
05/13/201320:50:40EU Closer to Chinese Trade Probe
05/13/201308:45:49Nokia Siemens, Ericsson, Huawei in Joint Network Initiative
05/10/201317:11:21TECH STOCKS: Dell, Nvidia, Priceline Lift Tech Stocks
05/09/201306:30:10Nokia Unveils $99 Touch-screen Smartphone
05/09/201303:57:03Nokia Unveils $99 Asha 501 Touch-screen Smartphone
05/08/201310:08:08Nokia Siemens Networks Plans to Cut 150 Jobs in Finland
05/08/201307:38:09Nokia Siemens: N Amer Head Rick Corker To Join Executive Board
05/07/201314:40:07Nokia Says It Can Still Compete With Apple, Samsung
04/26/201304:28:12Nokia to Launch New Lumia Device May 14
04/24/201323:10:19HTC Will Change HTC One Microphone
04/24/201322:56:32HTC Will Change Flagship Smartphone's Microphone Due to Nokia...
04/24/201307:49:09German District Court Dismisses Nokia Patent Complaint Against...
04/24/201305:10:10Nokia Launches New Device in Budget Smartphone Lineup
04/24/201303:40:40Ericsson Earnings Fall amid Weakening Profit Margins

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