April 13, 2015 - Assignment

Infinera announces public offer for Transmode

Infinera Corporation has announced a recommended public offer to the shareholders of Transmode AB to tender all their shares in Transmode to Infinera. The total offer consideration consists of a mixture of cash and shares of common stock in Infinera, and the total offer value corresponds to approximately SEK 3,020 million (approximately USD 350 million).

Infinera is a U.S. corporation, headquartered in Sunnyvale, California, USA and listed on the NASDAQ Global Select Market. The company provides Intelligent Transport Networks for network operators, enabling reliable, easy to operate, high-capacity optical networks. Infinera’s revenue for the 2014 fiscal year was USD 668.1 million.

Transmode is headquartered in Stockholm, Sweden, and listed on Nasdaq Stockholm (Mid Cap). The company is a global provider of packet-optical networking solutions that enable fixed line and mobile network operators to cost effectively address the capacity needs created by the rapid growth in video and data traffic.

Infinera is being advised by Mannheimer Swartling on the offer. The firm’s team includes Emil Boström, Nina Svensson, Cecilia Björkwall, Nils Nostell, Emma Sandberg Thomsen and Victor Sellin Karlsson. Anders Erasmie and Karin Attorps advised on tax issues and Stefan Perván Lindeborg on competition law issues. Wilson Sonsini Goodrich & Rosati is advising on U.S. legal issues in connection with the offer.