Infinera Corporation has recently released its 10-Q report, offering an insight into the company's financial condition and operations. Infinera is a semiconductor manufacturer and global supplier of networking solutions, including optical transport platforms, converged packet-optical transport platforms, and compact modular platforms. The company's portfolio of solutions enables operators of fixed and mobile networks, including telecommunications service providers, internet content providers, and large enterprises, to build infrastructure networks that support and deliver high-bandwidth consumer and business communications services.
In the 10-Q report, under Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations, Infinera discusses its agreement and plan of merger with Nokia Corporation and Neptune of America Corporation. The agreement provides for the merger of Neptune of America Corporation with and into Infinera, with Infinera surviving the merger as a wholly owned subsidiary of Nokia. Upon completion of the merger, each share of Common Stock issued and outstanding will be automatically canceled and converted into either cash, Nokia Shares, or a combination of cash and Nokia Shares, subject to proration. The completion of the merger is subject to customary conditions, including the adoption of the Merger Agreement by the Company’s stockholders and the satisfaction of certain domestic and foreign regulatory approvals, filings, and authorizations. Today the company's shares have moved -2.0% to a price of $5.88. If you want to know more, read the company's complete 10-Q report here.
