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BEI Technologies Acquires OpticNet

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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 article

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    Published: December 2003
    BEI TechnologiesCommunicationscommunications equipmentElectronic SensorsNews & Featuresoptical componentsOpticNetSensors & Detectors

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