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Lumen Technologies (formerly CenturyLink) agreed to sell its ILEC (incumbent local exchange carrier) business, including its consumer, small business, wholesale and mostly copper-served enterprise customers and assets, in 20 states to funds managed by affiliates of Apollo Global Management for $7.5 billion, including debt assumption of approximately $1.4 billion. Lumen will retain its ILEC assets […]
BT kicked off trials of hollow core fibre at the BT Labs in Adastral Park, Ipswich, in a collaborative project with Lumenisity, a Southampton University spin out company, and Mavenir. BT researchers are conducting the trials at BT’s research and engineering campus, using a 10-kilometre-long hollow core fibre cable provided by Lumenisity. The new fibre […]
II-VI is maintaining its current proposal to acquire Coherent, which will expire at Noon Pacific Time on Thursday, March 25, 2021. II-VI believes its proposal would create significant value for the shareholders of both companies and remains superior to Lumentum’s latest proposal. Under the terms of the II-VI proposal, Coherent’s shareholders would receive $220.00 in […]
Lumentum Holdings delivered a higher acquisition offer to Coherent’s Board of Directors. The new cash and stock offer is valued at $6.9 billion. Under the terms of the revised proposal, Coherent stockholders would receive $220.00 per share in cash and 0.6100 shares of Lumentum common stock for each Coherent share they own. Using Lumentum’s closing […]
On Friday, March 12, Coherent’s board of directors once again determined that a revised acquisition proposal from II-VI Incorporated was a superior acquisition proposal. On Thursday, March 10, Coherent had announced a revised acquisition agreement with Lumentum. Under the new deal with II-VI, each share of Coherent common stock would be exchanged for $195.00 in […]
Coherent’s board of directors notified Lumentum that it has received from a superior acquisition proposal from II-VI Incorporated. Under the terms of II-VI’s revised proposal, each share of Coherent common stock would be exchanged for $170.00 in cash and 1.0981 shares of II-VI common stock at the completion of the transaction. Coherent has notifed Lumentum […]
II-VI made an offer to acquire Coherent, a global laser technology leader, in a cash and stock transaction priced at $260.00 per Coherent share (Coherent’s shareholders would receive $130.00 in cash and 1.3055 II-VI common shares for each Coherent share), based on the company closing stock price on February 11th. II-VI’s proposal represents a premium […]
Lumentum agreed to acquire Coherent in a cash and stock transaction valued at $5.7 billion, with Coherent stockholders receiving $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. The combination will create a leading photonics company with significant positions in the growing market for photonics, an […]
Lumentum confirmed that it has obtained antitrust clearance from the People’s Republic of China’s State Administration for Market Regulation concerning its pending acquisition of Oclaro. Lumentum expects that the Oclaro acquisition will close on or around December 10, 2018. Lumentum to acquire Oclaro for $1.8 billion Monday, March 12, 2018 #OFC2018, Lumentum, Merger & Acquisitions, Oclaro Lumentum agreed to […]
Oclaro’s stockholders voted to approve the merger agreement under which Lumentum will acquire Oclaro. Approximately 96.2% of voting Oclaro stockholders cast their votes in favor of the proposal to approve the merger agreement, representing approximately 65.6% of Oclaro’s outstanding common stock as of the record date for the Special Meeting of Stockholders. Greg Dougherty, Oclaro […]
Lumentum reported net revenue for the fiscal third quarter of 2018 of $298.8 million, with GAAP net income of $2.7 million, or $0.04 per diluted share. Non-GAAP net income for the fiscal third quarter of 2018 was $50.6 million, or $0.78 per diluted share. Non-GAAP net income for fiscal second quarter of 2018 was $107.8 […]
Facebook outlined its plan for Open Packet DWDM for metro and long-haul fiber optic transport networks. The idea is to “enable a clean separation of software and hardware” based on open specifications. Facebook had already developed a new “white box” transponder and routing platform called Voyager based on Open Packet DWDM, which it will contribute […]
