Lumentum To Acquire NeoPhotonics to Accelerate Optical Network Speed And Scalability | NPTN Message Board Posts


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Msg  20 of 21  at  11/4/2021 8:57:52 AM  by

oleblue


Lumentum To Acquire NeoPhotonics to Accelerate Optical Network Speed And Scalability




In this article:



- Combination accelerates Lumentum's penetration of the fast-growing opportunity for high-speed optical components for cloud and telecom network infrastructure and creates a better partner for customers globally

- Expected to be immediately accretive to non-GAAP earnings per share and deliver more than $50 million in annual run-rate cost synergies within 24 months of transaction close

- Companies to host investor call today at 5:30 a.m. PT to discuss the transaction

- Separately, Lumentum and NeoPhotonics announce quarterly financial results

SAN JOSE, Calif., Nov. 4, 2021 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ: LITE) ("Lumentum") and NeoPhotonics Corporation (NYSE: NPTN) ("NeoPhotonics") today announced that they have entered into a definitive agreement under which Lumentum will acquire NeoPhotonics for $16.00 per share in cash, which represents a total equity value of approximately $918 million. The transaction has been unanimously approved by the Boards of Directors of both companies.






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