Sounds like they can still wrap up the deal without getting 95%. And ALU shares are delisted. Sounds like a done deal to me.
Nokia just got done (almost - still have OZO) divesting themselves from ancillary businesses, and now they jump into wearable?? And with Withings?? Why not FitBit or Jawbone? Better yet - why do this at all???
What's next is that after paying $190 Million for Withings, Nokia will take a couple years and then sell it for $40-$50 Million. Another Navteq/Here Maps debacle.
Nokia is very focused. They do network infrastructure. The only "unfocused" part is their worthless VR camera. But they have streamlined, selling off phones and maps. Nokia is basically a 1 1/2 trick pony now.
Just out of curiosity, who said Nokia needed 95% of the ALU shares for the deal to go through? Because it's a done deal - even ALU is saying this.
Sprint??? They're the BlackBerry of the carrier world! Loser + Loser != Teh Winnar.
Microsoft had more of a vision than an actual plan. And they jumped on Nokia's D&S division when Elop leaked it that Nokia was thinking about going Android. I think Nokia wanted to sell the entire company but it didn't make sense for Microsoft to stray so far from their core areas of competency.
At Build2016 (I was there) Microsoft said they were putting WP/WM on the back burner for now and concentrating on other areas. Imagine if Nokia was still trying to make Windows phones themselves?? This stock would be trading around a buck and a half, with little hope.
It's probably more like 26 cents per share, and will be taxed by both the US and Finnish governments. On the bright side, you can recoup some of the foreign dividend as a tax deduction.
There are a lot of productive ways to use the money you have tied up in Nokia over the next three years. I understand having core holdings, but three years is a long time to wait for a payoff, especially one that's not guaranteed.