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Electronic Equipment & Products M&A image Electronic Equipment & Products M&A » By The Online Investor Staff, updated Tue., Oct. 26, 2:31 PM Recent mergers and acquisitions in the Electronic Equipment & Products M&A category.

Slide #85. II-VI Incorporated Oclaro, Inc.

Acquirer: II-VI Incorporated (NASDAQ:IIVI)
Acquiree: Oclaro, Inc.
Details: II-VI Incorporated (Nasdaq:IIVI) announced today that it has completed the previously-announced acquisition of the fiber amplifier and micro-optics business (the "Business") of Oclaro, Inc. (Nasdaq:OCLR) in a transaction valued at $88.6 million. At closing, II-VI paid $79.6 million in cash to Oclaro, $4 million of cash is subject to hold back until December 31, 2014, and the remaining $5 million was previously paid to Oclaro on September 12, 2013 as an option to purchase the Business. II-VI and Oclaro have entered into certain transition service and manufacturing service agreements to allow the Business to continue operations during the ownership transition. The Business will be included in the Company's Active Optical Products segment for financial reporting purposes.

II-VI develops, manufactures, and markets engineered materials, optoelectronic components, and devices for use in industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. Co.'s products are deployed in a variety of applications, including: laser cutting, welding and marking operations; optical, data, and wireless communications products; laser cutting, welding, and marking operations; three-dimensional sensing consumer applications; aerospace and defense applications including intelligence, surveillance, and reconnaissance; and semiconductor processing tools.

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Company Name: 
II-VI Inc
Stock buyback: 
IIVI buyback
Website: 
www.ii-vi.com
Sector: 
Electronic Equipment & Products
Number of ETFs Holding IIVI: 
58
Total Market Value Held by ETFs: 
$1.10B
Total Market Capitalization: 
$6.20B
% of Market Cap. Held by ETFs: 
17.67%
 

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Buy (2.93 out of 4)
13rd percentile
(ranked lower than approx. 87% of all stocks covered)

Analysts' Target Price:
IIVI Stock Forecast

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