Nokia Corp. (NYSE:NOK) announced Thursday that it will re-purchase up to 360 million shares by June 30, 2011.
The mobile device manufacturer and retailer also has plans to issue 740 million shares by June 30, 2013.
The funds will be used to make Nokia’s capital structure more firm, finance acquisitions and more.
Shares of the company are trading down 2.70% at $11.40.
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