Ericsson won an auction against Nokia Siemens Networks and private equity firm MatlinPatterson last Friday when it bid $1.13 billion; speculation then arose that Canada’s government would halt the transaction because it involved a foreign company.
But those concerns were hushed when judges gave their thumbs-up to an Ericsson-Nortel combo. The sale still is subject to regulatory and other closing conditions and, Ericsson pointed out, “the purchase price is subject to certain post-closing adjustments.”
Nortel and Ericsson expect the sale to close this year.
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May 18 2018 @ 20:40:07 UTC