11 July 2018

Oclaro stockholders approve takeover by Lumentum

© Semiconductor Today Magazine / Juno PublishiPicture: Disco’s DAL7440 KABRA laser saw.

Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) says that, based on the vote tally from their Special Meeting, stockholders have approved the merger agreement (of 12 March) under which Lumentum Holdings Inc of Milpitas, CA, USA (which makes photonics products for optical networking and commercial lasers for industrial and consumer markets) will acquire Oclaro. Stockholders also approved other proposals relating to the transaction.

About 96.2% of voting Oclaro stockholders cast their votes in favor of the proposal to approve the merger agreement, representing about 65.6% of the firm’s outstanding common stock.

“Together, we will be an even stronger player in fiber-optic components and modules for high-speed communications and a market leader in 3D sensing,” reckons CEO Greg Dougherty.

The two firms continue to expect the transaction to close in second-half 2018, subject to receipt of regulatory approval in China and the satisfaction of customary closing conditions.

See related items:

Lumentum to acquire Oclaro for $1.8bn

Tags: Oclaro Optical communications

Visit: www.oclaro.com

Visit: www.lumentum.com