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II-VI Inc Announces Completion of Acquisition of Oclaro, Inc.'s Fiber Amplifier And Micro-Optics Business

Friday, 1 Nov 2013 08:53am EDT 

II-VI Inc announced that it has completed the previously-announced acquisition of the fiber amplifier and micro-optics business (the Business) of Oclaro, Inc. in a transaction valued at $88.6 million. At closing, II-VI paid $79.6 million in cash to Oclaro, $4 million of cash is subject to hold back until December 31, 2014, and the remaining $5 million was previously paid to Oclaro on September 12, 2013 as an option to purchase the Business. II-VI and Oclaro have entered into certain transition service and manufacturing service agreements to allow the Business to continue operations during the ownership transition. 

Company Quote

0.03 +1.69%
5 Mar 2015