Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Corning, Oak Industries to Merge

Photonics.com
Nov 1999
CORNING, N.Y., Nov. 16 -- Corning Inc. and Oak Industries Inc. have signed a definitive merger agreement, which has been approved unanimously by the boards of both companies. The agreement calls for Corning to exchange .83 shares of its common stock for each share of Oak Industries common stock.
Corning said the merger with Oak Industries would extend Corning's product portfolio into new market segments. Corning pointed specifically to Oak Industries' Lasertron Inc. subsidiary, a developer of active fiber-optic devices for telecommunications, which Corning expects to enhance its photonic technology product offering and development activities. Lasertron manufactures pump lasers -- the key active component in optical amplifiers -- and is one of a handful of companies with both internal laser chip-making capability and expertise in packaging. In addition, Lasertron produces transmission lasers and receivers aimed at the rapidly growing metropolitan transmission market.


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.