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Technology Stocks : Oclaro, Inc. (Avanex-Bookham)

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From: FUBHO3/26/2012 4:49:49 PM
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SAN JOSE, Calif. & FREMONT, Calif., March 26, 2012 /PRNewswire/ -- Oclaro, Inc. (Nasdaq: OCLR - News), a tier-one provider and innovator of optical communications and laser solutions, and Opnext, Inc. (Nasdaq: OPXT - News), a global leader in the design and manufacture of optical modules, components and subsystems, today announced that they have entered into a definitive agreement to merge in an all-stock transaction. Under the terms of agreement, Opnext shareholders will receive a fixed ratio of 0.42 shares of Oclaro common stock for every share of Opnext common stock they own.

finance.yahoo.com
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