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Nokia Corporation Message Board

  • nusaiba nusaiba Jul 1, 2013 11:22 AM Flag

    Hot News!Nokia's (NOK) NSN Purchase Price was 'Very Good,' Analyst Says (SI)

    Nokia (NYSE: NOK) is up in early trading Monday following an earlier announcement that it entered an agreement to acquire the balance of its Nokia Siemens Networks from Siemens (NYSE: SI) in a €1.7 billion deal.

    Bernstein thinks that price is "very good." The firm valued the segment at about €3 billion.

    Nokia's purchase "buys itself a future," said Bernstein.

    Today's announcement suggests that Nokia unloaded about €300 million to €800 million on the purchase. The consensus estimate was calling for cash usage of about €200 million on the deal.

 
NOK
8.05-0.01(-0.12%)Mar 4 4:04 PMEST

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