oclaro inc acquisition


The company was founded in 1988 and is based in San Jose, California. "Lumentum is not updating any previously provided guidance for fiscal Q2 2019 results to incorporate the impact of the Oclaro acquisition. Mr. Small is the Chief Executive Officer of Evernote, a mobile and desktop personal productivity application company and was previously with Telefónica S.A., where he was the company's global Chief Data Officer, and also served as Chairman of the Board of TokBox, a platform-as-a-service provider of embedded video communications.This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including the statements made in the CEO quotes, as well as disclosures regarding the potential cost synergies and accretion to non-GAAP earnings per share expected from the combined company and the timing thereof.

The Company was founded in the United Kingdom in 1988 as Bookham Technology. "It was a great pleasure to lead the Oclaro team, and I wish the new combined Lumentum team future success. 2014 folgten das Geschäft mit Oberflächenemittern (VCSELs) und 980 nm-Pumplasern. The forward-looking statements in this press release are based on information available to Lumentum as of the date hereof, and Lumentum disclaims any obligation to update any forward-looking statements, except as required by law. Revenues for the Zurich business were approximately $87 million for the fiscal year ended June 29, 2013. MILPITAS, Calif., Dec. 10, 2018 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today announced that it has completed its previously announced acquisition of Oclaro, Inc… As part of the agreement, II-VI has purchased the Oclaro Zurich, Switzerland company, which includes its GaAs fabrication facility, and also the corresponding high power laser diodes, VCSEL and 980 nm pump laser product lines, including intellectual property, inventory, equipment and a related R&D facility in Tucson, Arizona all of which are associated with these businesses. Details regarding the date and time of the call will be provided later. On 12 September 2013, Oclaro, Inc. announced the sale of their Zurich Gallium Arsenide Laser Diode Business to II-VI Incorporated for $115 Million. Forward-looking statements generally relate to future events or our future financial or operating performance. As a result of the completion of the acquisition, trading in Oclaro common stock on the NASDAQ Stock Market will cease today.Under the terms of the merger agreement, Oclaro stockholders will receive $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro common stock that is exchanged in accordance with the terms of the merger agreement.

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