On Wednesday, Shares of Nokia Corporation (NYSE:NOK), lost -0.29% to $6.94.
Nokia Corporation, declared that it has satisfied all of the material conditions to the filing of its public exchange offer (“Exchange Offer”) for Alcatel-Lucent. This follows the decision by the French Ministry of Economy (MINEFI) to approve the projected transaction recently.
With such material regulatory approvals now received, Nokia intends to proceed with the filing of the Exchange Offer for Alcatel-Lucent securities. The Exchange Offer will comprise of a French public exchange offer (the “French Offer”) and a U.S. public exchange offer (the “U.S. Offer”). Once the Exchange Offer period opens, the projected transaction will remain subject to approval by Nokia shareholders and the successful closing of the Exchange Offer. The initial Exchange Offer settlement date is predictable to be in the first quarter of 2016.
As part of the Exchange Offer, consideration of 0.55 of a newly issued ordinary share of Nokia (subject to adjustments for any dividend other than the formerly paid Nokia dividend for 2014) will be offered in exchange for each ordinary share of Alcatel-Lucent (counting ordinary shares of Alcatel-Lucent represented by American depositary shares) issued and outstanding and tendered into the Exchange Offer. An equivalent offer will be made for each outstanding class of Alcatel-Lucent OCEANEs (OCEANE 2018, OCEANE 2019 and OCEANE 2020).
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Nokia Technologies.
Shares of AK Steel Holding Corporation (NYSE:AKS), declined -6.64% to $2.53, during its last trading session.
AK Steel Holding Corporation, declared that United States Congressman Pat Tiberi from Ohio was honored with the “2015 Congressional Steel Champion Award” from the American Iron and Steel Institute (AISI) recently at the company’s Zanesville, Ohio Works. Congressman Tiberi received the award for his support of and dedication to the American steel industry and its employees.
“This is a challenging time for the steel industry as a surge of what we believe are unfairly-traded imports continues to come into this nation at record levels,” said James L. Wainscott, Chairman, President and CEO of AK Steel. “Congressman Tiberi has been a champion for the steel industry by fighting against unfair trade, and he is much-deserving of this award.”
Congressman Tiberi said, “I am honored to be named a Steel Champion because steel manufacturing plays such an important role in Ohio’s economy,” said Congressman Tiberi. “Supporting strong trade agreements with robust enforcement measures is important to enable American steel manufacturers to compete internationally and create more American jobs here at home.”
Congressman Tiberi toured the Zanesville Works and met employees following the awards presentation. The Zanesville plant is a finishing facility for AK Steel’s electrical and stainless steel products.
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.
Finally, Shares of Atmel Corporation (NASDAQ:ATML), ended its last trade with -0.69% loss, and closed at $8.61.
Atmel Corporation, declared it is shipping the Atmel ATmegaS128 MCU targeting next-generation space applications. In addition to all the popular features of the megaAVR® family, the new ATmegaS128-the first uC Rad Tolerant device for Atmel-delivers full wafer lot traceability, 64-lead ceramic package (CQFP), space screening, space qualification according to QML and ESCC flow and total ionizing dose up to 30 Krad (Si) for space applications. The ATMegaS128 is “latch up” immune thanks to a dedicated silicon process: SEL LET > 62.5Mev at 125°C, 8MHz/3.3V. SEU to heavy ions is estimated to 10-3 error/device/day for Low Earth Orbit applications.
With billions of commercial AVR devices widely deployed throughout the world, the new space-grade AVR family benefits from support of the Atmel Studio ecosystem and allows aerospace developers to use the industrial-version of the ATmega AVR to prototype their applications for a fraction of the cost. The ATmegaS128 is available in a ceramic hermetic packaging and is pin-to-pin and drop-in compatible with existing ATmega128 MCUs, allowing flexibility between commercial and qualified devices, enabling faster-time-to-market and minimizing development costs. With this cost-effective approach and a plastic Hirel-qualified version, the ATmegaS128 can be also considered in more general aerospace applications counting class A and B avionic critical cases where radiation tolerance is also a key requirement.
Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit products primarily in the United States, Asia, Europe, South Africa, and Central and South America. It operates in four segments: Microcontroller, Nonvolatile Memory, Automotive, and Multi-Market and Other.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.