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

FiberCore Signs $30 Million Agreement

Photonics.com
Jun 2000
CHARLTON, Mass., June 15 -- FiberCore Inc. has finalized a private placement agreement with an institutional investor that entails a $30 million financing commitment. FiberCore received proceeds of $9.5 million with the rest available under undisclosed conditions.
Proceeds from the agreement will go towards FiberCore's June 30 acquisition of Xtal Fibras Opticas SA, a Brazilian manufacturer of optical fiber and preform. Some of the money will also be used for expansion and other corporate aims, FiberCore said. Financing was arranged by Fibercore's investment banker Gruntal & Co. of New York.


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.