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Finisar Corp (FNSR.OQ)

FNSR.OQ on NASDAQ Stock Exchange Global Select Market

22.42USD
12:27pm EST
Change (% chg)

$0.40 (+1.82%)
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Fri, Nov 9 2018

Optical parts maker II-VI eyes 5G, driverless cars with Finisar buy

Laser and optical parts maker II-VI Inc said on Friday it would buy Apple Inc supplier Finisar Corp for about $3.2 billion, to grab a bigger slice of 5G investments and sell more sensors for iPhones and driverless cars.

UPDATE 3-Optical parts maker II-VI eyes 5G, driverless cars with Finisar buy

* II-VI to pay Finisar shareholders $26 per share in cash, stock

Optical products maker II-VI to buy Finisar for $3.2 bln

Nov 9 Laser and optical products maker II-VI Inc said on Friday it would buy peer Finisar Corp, a major Apple Inc supplier, for about $3.2 billion.

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