Thursday
Mar292012
Oclaro-Opnext merger will create second largest optical component company
Thursday, March 29, 2012 at 10:01AM
Oclaro has announced its plan to merge with Opnext. The deal, valued at US $177M, will result in Opnext's shareholders owning 42% of the combined company. The merger of the fifth and sixth largest optical component players will create a company with annual revenues of $800M, second only to Finisar. The deal is expected to be completed in the next 3-6 months.