<![CDATA[Nokia shares surge on news of possible takeover]]> https://usagag.com/2020/04/16/nokia-shares-surge-on-news-of-possible-takeover/ Thu, 16 Apr 2020 19:27:20 +0000 hourly 1 https://usagag.com Nokia shares surge on news of possible takeover Nokia declined to comment on Thursday on a media report saying it was working with an investment bank to defend itself from a hostile takeover — the news of which sent its shares flying.

“Nokia does not comment on market rumors,” said a Nokia spokesman.

Earlier on Thursday shares in Nokia surged 12.5 percent with traders pointing to a report by online newspaper TMT Finance that said Nokia was working to defend itself from a hostile takeover bid for parts of its business or the whole company.

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