JDSU Acquires Picolight
Milpitas-based JDSU announced today that it is in a definitive agreement to acquire Picolight, a designer and manufacturer of optical transceivers. The deal is worth $115M in stock plus up to $10M in cash. JDSU said that it expects the transaction to close in the fourth quarter ending June 30th. Picolight develops components used in optical networking.
posted on Tuesday, February 27, 2007
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