Finland's Nokia is considering buying U.S.-based Juniper Networks to merge into its telecommunications network gear business, German's Manager Magazin Online reported, citing unidentified sources.Nokia Solutions and Networks (NSN) Chief Executive Rajeev Suri travelled to the United States late last year to discuss with Juniper's management closer cooperation and a possible merger that would strengthen NSN's weak U.S. business, the online magazine said on Thursday.Juniper has a stock market value of $13.7 billion, making it a major takeover target for Nokia, but Manager Magazin said Nokia could use Juniper's $3.1 billion cash to help finance the purchase.NSN will be Nokia's primary operation after the sale of its devices and services business to Microsoft in a 5.4 billion euro ($7.4 billion) deal, which is expected to close by the end of next month.
Juniper Networks, Inc. (Juniper Networks) designs, develops, and sells products and services that together provide its customers with network infrastructure. Shares of JNPR traded higher by 0.77% or $0.21/share to $27.41. In the past year, the shares have traded as low as $15.62 and as high as $28.75. On average, 9372730 shares of JNPR exchange hands on a given day and today's volume is recorded at 17905562.
Source
