Oclaro To Buy Opnext
OPXT shareholders will receive 0.42 shares of OCLR common stock for every Opnext share. The offer price represents around 74% premium to Opnext's closing price on Monday.
The deal is likely to close within three to six months.
Oclaro shares gained 2.87% to close at $4.66 yesterday, while Opnext shares jumped 56.64% to $1.77 in after-hours trading.
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