SAN FRANCISCO, Dec. 29 -- BEI Technologies Inc. announced last week it has acquired OpticNet as a wholly owned subsidiary of the company. OpticNet, based in Hayward, Calif., makes optical components used in communications equipment. BEI and its acquisition subsidiary entered into a definitive merger agreement earlier this year to acquire OpticNet at a price equal to $0.04 per share of 5,367,235 outstanding shares of common stock. Each share not accepted for purchase in the offer was converted into the right to receive $0.04 in cash, without interest, in the merger. BEI Technologies makes...Read full articleRelated content from Photonics MediaArticlesNew Majority Stake in CILAS; ColdQuanta Continues Growth: Week in Brief: 11/04/22Safran Electronics & Defense and MBDA completed the acquisition of ArianeGroup’s 63% majority stake in CILAS, a French company specializing in lasers for military applications. 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