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Luminent Cancels Deal to Buy HG Genuine Opto

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CHATSWORTH, Calif., and WUHAN, China, July 19, 2006 -- Luminent Inc. announced today that it has terminated the agreement to acquire HG Genuine Opto, a subsidiary of Huagong Tech Co. Ltd. (HG Tech), based on current market valuations of comparable companies. Luminent, a wholly-owned subsidiary of network equipment and optical component maker MRV Communications, had reached an agreement in May with HG Tech to buy HG Genuine Opto of Wuhan, the second-largest fiber-optic transceiver manufacturer based wholly in China, for $40 million in cash and 15 percent of its stock (See "Luminent Buying HG Genuine Opto in Cash, Stock Deal"). Luminent...Read full article

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    Published: July 2006
    Glossary
    optical component
    One or more optical elements – typically cemented together - in an optical system that are treated as a single group; e.g., a beamsplitter, or a cemented doublet or triplet.
    acquireCommunicationsdealfiber opticsHG Genuine OptoHG TechLuminentMRV CommunicationsnetworkNews & Featuresoptical componentOpticsterminate

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