|
HELSINKI, Finland (AP) - Nokia Corp. shares rose Monday after a report that Cisco Systems Inc. was interested in an acquisition in the wireless market and that the Finnish mobile phone maker might be a target.
Shares shot up 3.3 percent to 13.35 euros (US16.51 euros) and closed at 13.06 euros ($16.15), 1 percent higher than Friday, following the report on Sunday in The Business paper in Britain.
The paper, without citing its sources, said that San Jose, California-based Cisco was considering buying a wireless company, and that Nokia had been identified as the most likely target. Both companies declined to comment to The Associated Press on the report.
|