Finisar, Optium Merge
Sunnyvale-based optical component firm Finisar Corporation, and Pennsylvania-based Optium Corporation said Friday morning that the two companies have agreed to merge in an all-stock deal. The companies said that Optium stockholders will receive 6.262 Finisar shares for each share of Optium they own. The deal is worth approximately $212M. Both Finisar and Optium manufacture optical networking components, systems, and related products. Finisar is being advised by Oppenheimer & Co. and DLA Piper. Optium is being advised by Morgan Stanley & Co. and Goodwin Procter LLP in the deal.
posted on Friday, May 16, 2008
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