Nokia’s stock jumped roughly 12% Thursday after a document indicated the firm changed into once making ready to protect itself against a opposed takeover.
Nokia declined to say, in response to Reuters.
The document, from TMT Finance, indicated Nokia had employed funding banking company Citi to counter a transaction that would additionally very successfully be price as worthy as $17.4 billion. The document did now not point out the provision of the takeover proposal.
The latest document follows a February document by Bloomberg that Nokia changed into once exploring strategic alternatives, including that you just are going to believe asset gross sales or mergers. Nokia has said that document changed into once no longer upright.
Nokia eradicated roughly 5,000 jobs within the midst of 2019.