Shares of Infinera Corporation (INFN) surged by over 18% in pre-market trading on Friday, reaching $6.23 per share, following the announcement that Nokia (NOK) has agreed to acquire Infinera in a cash-and-stock deal valued at approximately $2.3 billion.
The acquisition price of $6.65 per share offers a 28% premium over Infinera's closing price on June 26.
On Thursday, Infinera's shares closed at $5.26, marking a 1.54% increase. Over the past year, the stock has fluctuated between $2.82 and $6.62.
