Infinera Corporation (NASDAQ: INFN) has reminded its stockholders about the upcoming deadline to elect the form of merger consideration in the pending acquisition of Infinera by Nokia Corporation. The deadline for stockholders to make their election is 5:00 p.m. New York City time on September 30, 2024, which is the business day immediately prior to the special meeting of Infinera stockholders to be held in connection with the transaction.
Infinera stockholders who do not make a valid election by the deadline may still vote their shares at the special meeting, which is scheduled for 10 a.m., Pacific Time, on October 1, 2024. The aggregate merger consideration payable by Nokia is subject to proration as described in the proxy statement/prospectus and the election form publicly filed by Infinera and Nokia in connection with the transaction.
The reminder also states that Infinera stockholders who have made an election with respect to some or all of their shares of Infinera common stock may still sell or transfer those shares, whether before or after the election deadline. However, to do so, they will need to revoke their election prior to and in connection with selling or transferring those shares.
Infinera stockholders who wish to request an election form and accompanying materials should contact Sodali & Co at (800) 662-5200 (for registered holders of Infinera common stock) or (203) 658-9400 (for banks and brokers) or by email at [email protected]. Infinera stockholders who hold shares through a bank, broker, or other nominee should contact their bank, broker, or other nominee for assistance making or revoking an election.
Infinera is a global supplier of innovative open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations.
No offer or solicitation is being made by this communication, and it does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote of approval.
This communication is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the transaction. There will not be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. As a result of these announcements, the company's shares have moved -0.7% on the market, and are now trading at a price of $6.84. For more information, read the company's full 8-K submission here.
