INFN Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Infinera to Nokia

Core Viewpoint - Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Infinera Corporation to Nokia for $6.65 per share, which is below the price targets set by multiple Wall Street analysts [1][4]. Group 1: Acquisition Details - Nokia announced an agreement to acquire Infinera for $6.65 per share on June 27, 2024 [2]. - Infinera shareholders can choose to receive either $6.65 in cash, 1.7896 Nokia shares for each Infinera share, or a combination of $4.66 in cash and 0.5355 Nokia shares [3]. Group 2: Investigation Rationale - The investigation focuses on whether the Infinera Board of Directors acted in the best interests of shareholders and if the agreed price is fair [4]. - The sales price of $6.65 per share is below the pre-announcement price targets from at least three analysts: Ryan Koontz ($10.00), Dave Kang ($7.50), and Ruben Roy ($7.00) [4].