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Bookham, Avanex Merge

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In California, Bookham Inc. of San Jose, a telecommunications optical infrastructure solutions manufacturer, and Avanex Corp. of Fremont, a global provider of intelligent photonic solutions, have reached a definitive agreement to merge in an all-stock transaction. Under terms of the agreement, the latter company’s shareholders will receive 5.426 shares of the former company’s common stock for every share of its current common stock, and shareholders will own approximately 46.75 percent of the combined company. The merger will be led by Alain Couder as president and CEO and is expected to have two telecom divisions and one nontelecom division.
Jan 2009
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
Alain CouderAll-Stock TransactionAvanex Corp.Bookham Inc.common stockCommunicationsIntelligent Photonic SolutionsmergersNews BriefsphotonicsPhotonics Tech BriefsshareholdersSharesstocktelecom

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