- Nokia's (NOK) shareholders are expected to approve the sale of the company's devices and services division to Microsoft (MSFT) at a meeting today.
- The sale is part of a €5.44B ($7.36B) deal that also includes the licensing of patents.
- Nokia will be left with its telecom-equipment operations as its main business.
- The transaction will boost Nokia's cash position to almost €8B, of which new investor Dan Loeb expects a "meaningful proportion" to be returned to investors.
From other sites
Video at CNBC.com (Jul 21, 2015)
at CNBC.com (Jan 14, 2015)
at CNBC.com (Jan 5, 2015)
at CNBC.com (Dec 18, 2014)
at CNBC.com (Nov 18, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs