Juniper Networks shares rally on report of Nokia buyout offer

Juniper Networks Inc. shares jumped in the extended session Wednesday following a report that Nokia was offering to buy the company. Juniper shares soared 20% to $35.50 after hours, adding to a 5% rise during the regular session, as one of the few tech names closing higher Wednesday. On Tuesday, shares finished up 3% higher. Late Wednesday, CNBC reported that Nokia was in talks to buy Juniper in a deal valued at around $16 billion. Juniper finished Wednesday with a market cap of $11.1 billion.

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