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

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To: FUBHO who wrote (2276)3/26/2012 5:41:44 PM
From: Glenn Petersen  Read Replies (2) of 2294
 
OCLR was essentially flat in AH trading.

Upon the close of the transaction, Opnext shareholders will own approximately 42% of the combined company.

The combined company is expected to achieve positive non-GAAP operating income in the first full quarter after the close and is expected to achieve annualized cost synergies of $35 million to $45 million within 18 months of the close of the transaction. The company expects restructuring and system integration costs to total $20 million to $30 million.
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