MRV Merging with Luminent
CHATSWORTH, Calif., Sept. 14 -- Optical components maker MRV Communications, Inc. will carry out a short-form merger with its subsidiary Luminent, Inc. because of weak demand in the telecommunications industry. A short form merger does not require shareholder approval.
MRV, which already owns 92.3 percent of Luminent, also said Shay Gonen has been appointed interim chief financial officer. The company's former CFO, Edmund Glazer, died on Tuesday on American Airlines flight 11 when it crashed into the New York World Trade Center.
The company also said that William Spivey has resigned as Luminent's chief executive, and will be replaced by MRV president and chief executive officer Noam Lotan. Lotan is currently chairman of Luminent.
LATEST NEWS
- Exail Signs LLNL Contract, Partners with Eelume
Apr 26, 2024
- Menlo Moves U.S. HQ: Week in Brief: 4/26/2024
Apr 26, 2024
- Optofluidics Platform Keys Label-, Amplification-Free Rapid Diagnostic Tool
Apr 25, 2024
- DUV Lasers Made with Nonlinear Crystals Enhance Lithography Performance
Apr 25, 2024
- Teledyne e2v, Airy3D Collaborate on 3D Vision Solutions
Apr 24, 2024
- One-Step Hologram Generation Speeds 3D Display Creation
Apr 24, 2024
- Innovation Award Winners for Laser Technology Honored in Aachen
Apr 23, 2024
- Intech 2024: AI Arrives on the Shop Floor
Apr 22, 2024