Mobilk - Nokia today announced that the French Stock Market Authority (Autorité des marchés financiers, the "AMF") has approved Nokias public exchange offer for the securities of Alcatel Lucent and delivered its visa on Nokias offer document (note dinformation). As previously announced, Nokia intends to acquire all ordinary shares, American depositary shares ("ADSs") and convertible bonds ("OCEANEs") issued by Alcatel-Lucent through a public exchange offer in France (the "French Offer") and in the United States (the "U.S. Offer") whereby Alcatel-Lucent securities will be exchanged for Nokia shares in the French Offer and Nokia shares or Nokia ADSs in the U.S. Offer (jointly, the "Exchange Offer").
Nokia expects that the Exchange Offer would be opened on November 18, 2015, closed on December 23, 2015 and settled on January 7, 2016. Assuming that the Exchange Offer is successful, the Exchange Offer would be reopened on January 14, 2016, close on February 3, 2016 and settle on February 12, 2016. Once the Exchange Offer opens, the proposed transaction will remain subject to approval by Nokia shareholders and the satisfaction of the minimum tender condition set at more than 50% of Alcatel-Lucents share capital on a fully diluted basis, unless such condition is waived in accordance with applicable law and regulation. Nokia expects that the admission of its ordinary existing shares to trading and listing on Euronext Paris would occur on November 19, 2015.
Nokias offer document (note dinformation) will be available on Nokias website at http://company.nokia.com/en/investors/financial-reports/filings-related-to-the-alcatel-lucent-transaction as of November 12, 2015.
The AMF has also today delivered its visa on the response document (note en réponse) filed by Alcatel-Lucent, which includes, inter alia, the report issued by Associés en Finance, acting as independent expert in connection with the French Offer concluding that the terms of the public exchange offer by Nokia on Alcatel-Lucents shares and OCEANEs are fair. The response document will be available on Nokias website at http://company.nokia.com/en/investors/financial-reports/filings-related-to-the-alcatel-lucent-transaction as of November 12, 2015.
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