Deal Snapshot
LUMENTUM TO ACQUIRE OPTICAL COMPONENTS MAKER OCLARO FOR USD 1.88BN IN CASH
Tuesday 13 March 2018

US-based photonics products provider Lumentum Holdings Inc. has agreed to acquire US-based optical components and modules provider Oclaro, Inc., the company said. The deal has been unanimously approved by the boards of directors of both companies.
For each share of Oclaro stock held, Oclaro stockholders will be entitled to receive USD 5.60 in cash and 0.0636 of a share of Lumentum common stock, subject to the terms of the definitive agreement. The transaction values Oclaro at USD 9.99 per share or approximately USD 1.8bn in equity value, based on the closing price of Lumentum's stock on March 9, 2018, of USD 68.98.


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Details
Date Published: 13/03/2018
Target: Oclaro, Inc
Country: USA
Deal Size: 1.88bn (USD)
Sector: Electronics
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: Lumentum Holdings
Comment:


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