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Nokia declines to comment on media report of hostile takeover bid

Published 16/04/2020, 17:41
© Reuters. FILE PHOTO: The logo and ticker for Nokia are displayed on a screen on the floor of the NYSE in New York
NOKIA
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(Reuters) - Nokia (HE: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 which sent its shares sharply higher.

"Nokia does not comment on market rumours," said a Nokia spokesman.

© Reuters. FILE PHOTO: The logo and ticker for Nokia are displayed on a screen on the floor of the NYSE in New York

Earlier on Thursday shares in Nokia surged 12.5% 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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