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Msg  195 of 197  at  4/16/2020 4:01:28 PM  by

mu_aapl


News of a hostile takeover

Nokia (NOK +5.7%) has refused comment on a report that it's hired an investment bank to help defend it from a hostile takeover.

The Finnish telecom is said to have hired Citi to fight back against a multibillion-dollar deal from private equity to take over some or all of the company, according to TMT Finance.

If true, those suitors might include KKR, Apollo (NYSE:APO) or Blackstone (NYSE:BX).

Nokia has also denied reports this year that it was exploring strategic options.

http://seekingalpha.com/news/3561446-nokia-no-comments-report-hired-citi-to-fight-takeover


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