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Nokia cuts conversion price of €750 million notes due to dividend plans
By Susanna Moon
Chicago, May 6 – Nokia said it adjusted the conversion price of its €750 million convertible bonds to €2.39 per share.
The conversion price was reduced from €2.44 per share due to the dividend payout that was set at the shareholders meeting May 5, according to a company press release.
Espoo, Finland-based Nokia is a wireless telecommunications equipment maker.
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