Oclaro-Opnext merger will create second largest optical component company

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.

Source: Gazettabyte

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