Nokia stated the following in a PR:

"If Nokia reaches 95% ownership of the share capital and voting rights of Alcatel-Lucent, it intends to squeeze out the remaining shares. In addition, if Nokia reaches 95% ownership of Alcatel-Lucent's fully diluted shares, it intends to squeeze-out the remaining OCEANE convertible bonds."

What is involved in"Squeezing out" the remaining shares?  Is it simply buying out the non-converted ALU shares at the last traded price, say closing price of ALU shares on Jan 13th at 4pm?