Nokia announces that the offer period of its public buy-out offer for Alcatel-Lucent securities has now closed
Espoo, Finland - The offer period in Nokia's public buy-out offer for Alcatel-Lucent remaining shares (the "Shares"), bonds convertible into new or exchangeable for existing Shares due on January 30, 2019 (the "2019 OCEANEs"), and bonds convertible into new or exchangeable for existing Shares due on January 30, 2020 (the "2020 OCEANEs", and together with the 2019 OCEANEs, the "OCEANEs") (the "Public Buy-Out Offer") has now closed. Accordingly, holders of Alcatel-Lucent Shares and OCEANEs may no longer tender their securities into the Public Buy-Out Offer.
The results of the Public Buy-Out Offer will be published by the French stock market authority (Autorité des marchés financiers, "AMF"), on November 2, 2016, which is also the date on which the squeeze-out of all Alcatel-Lucent Shares and OCEANEs not tendered into the Public Buy-Out Offer will occur (the "Squeeze-Out", and together with the Public Buy-Out Offer, the "Offer"), in accordance with the AMF general regulation. In the Squeeze-Out, the Shares and OCEANEs not tendered into the Public Buy-Out Offer will be transferred to Nokia for the same consideration as the consideration of the Public Buy-Out Offer, i.e., EUR 3.50 per Alcatel-Lucent Share, EUR 4.51 per 2019 OCEANE and EUR 4.50 per 2020 OCEANE, net of all costs.
The documentation relating to the Offer, which includes Nokia and Alcatel-Lucent's joint offer document (note d'information conjointe) and Nokia's and Alcatel-Lucent's respective "other information" documents, is available on the AMF website (www.amf-france.org), on Nokia's website (http://company.nokia.com/en/investors/financial-reports/filings-related-to-the-alcatel-lucent-transaction), and on Alcatel-Lucent's website (www5.alcatel-lucent.com).