Palm offers more shares for sale; Nokia interested in buying?
Palm has just announced that its public offering of common stock has been increased to 20,000,000 shares, at a price of $16.25 per share.
Palm expects to receive net proceeds of about $313.1 from the shares’ sale. The Sunnyvale-based smartphone maker says that it wants to use the money “for working capital and general corporate purposes”.
Of course, at the moment there’s nothing official about Nokia’s intention to buy Palm stock. But things can surely become interesting if, say, Nokia would buy Palm for good – although this will probably never happen.