June 27 (Reuters) - Nokia Oyj ( NOK ):

* REG-INSIDE INFORMATION: NOKIA TO ACQUIRE INFINERA TO

INCREASE

SCALE IN OPTICAL NETWORKS AND ACCELERATE PRODUCT ROADMAP

* NOKIA TO ACQUIRE INFINERA TO INCREASE SCALE IN OPTICAL

NETWORKS

AND ACCELERATE PRODUCT ROADMAP

* TARGETED NET COMPARABLE OPERATING PROFIT SYNERGIES OF EUR

200

MILLION BY 2027

* NOKIA IS ACQUIRING INFINERA FOR $6.65 PER SHARE

* NOKIA - EXPECTED TO BE ACCRETIVE TO NOKIA'S COMPARABLE

OPERATING

PROFIT AND EPS IN YEAR 1 AND TO DELIVER OVER 10% COMPARABLE EPS

ACCRETION IN 2027

* OFFER SPLIT AT LEAST 70% CASH AND UP TO 30% STOCK

* WILL ACQUIRE INFINERA IN A TRANSACTION VALUING COMPANY AT

$6.65

PER SHARE OR AN ENTERPRISE VALUE OF US$ 2.3 BILLION

* NOKIA TO INCREASE SHARE BUYBACK TO OFFSET DILUTION; DEAL

FINANCED FROM NOKIA'S CASH ON HAND

* NOKIA-AT OR AROUND TIME OF CLOSING OF DEAL CO WILL

REPURCHASE

INFINERA'S OUTSTANDING CONVERTIBLE NOTES FOR ABOUT $760 MILLION

Source text for Eikon:

Further company coverage: