Market Overview

II-VI Buys LightWorks Optics for Initial $31M in Cash

Share:
Related IIVI
Benzinga's Volume Movers
Barrington Research Remains Cautious On II-VI

II-VI Incorporated (Nasdaq: IIVI) announced today that it has acquired all of the outstanding shares of LightWorks Optics, Inc. (LightWorks). The initial consideration consisted of cash of approximately $31 million. In addition, the agreement provides for approximately $4 million of cash earn-out opportunities based upon LightWorks achieving certain future financial targets and is subject to customary closing adjustments including a working capital adjustment.

Posted-In: News M&A

 

Related Articles (IIVI)

Around the Web, We're Loving...