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NOK
4.98
0.51%
1 day ago
Nokia Initiates Share Repurchase Program to Counteract Dilution
- ⏺ Nokia's recent share buyback program is a strategic move to enhance shareholder value by counteracting dilution from the Infinera Corporation deal.
- ⏺ The repurchase of 1,336,347 shares at €4.79 and 1,247,001 shares at €4.80 indicates a strong commitment to maintaining stock price stability.
- ⏺ With a total expenditure of around €12.4 million, this buyback could positively influence investor sentiment and potentially lead to a price increase.
- ⏺ Share buybacks often signal to the market that a company believes its stock is undervalued, which can attract more investors.
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