Oclaro Inc (OCLR.OQ) Key Developments | Reuters.com
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USHIO INC acquires industrial and consumer semiconductor laser diode and led business of Oclaro Japan

Tuesday, 5 Aug 2014 08:00pm EDT 

USHIO INC:Says its wholly owned subsidiary USHIO OPTO SEMICONDUCTORS, INC., has signed a demerger agreement with Oclaro Japan, Inc. a wholly owned subsidiary of Oclaro, Inc.Says through this agreement, USHIO OPTO SEMICONDUCTORS will acquire the LED, red, violet and part of the infrared laser diode business from Oclaro Japan.The acquired activity is primarily located in Komoro, Japan and includes about 80 employees.The closing of the transaction is expected to occur during the fourth calendar quarter of 2014.The terms of the transaction were not disclosed. 

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