Nokia takes stake in Filtronic
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.FILTRONIC YESTERDAY unveiled a deal which will see Nokia, the Finnish mobile phone giant, take a 7.5 per cent shareholding in the electronics group. Filtronic is buying LK-Products, a supplier of components for mobile phone base stations and handsets, from Nokia in return for FIM350 (pounds 39.8m) in cash and 4 million Filtronic shares.
John Samuel, Filtronic's finance director, said the deal gave the group a much closer relationship with Nokia, one of its major customers. Shares in Filtronic, which is expected to carry out a placing and open offer of about 10 per cent of its equity to fund the deal, jumped 98.5p to 568.5p.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments