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Nokia to Repurchase 500 Million Shares

Nokia to Repurchase 500 Million Shares

Nokia (NOK) intends to repurchase up to 500 million shares of its own stock in the coming months. The repurchases may be made to offset stock dilution resulting from the conversion of debt into equity and equity awards to employees. The repurchased shares will be canceled, according to a company statement that also contains updates on resolutions from the recent annual shareholder meeting.