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II-VI Completes Finisar Acquisition

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II-VI Inc. has completed the acquisition of Finisar Corp., which was first announced Nov. 9, 2018. The transaction was made with a combination of term loans and $1.1 billion of the company’s stock. Under the terms of the agreement, Finisar shareholders will receive on average $15.60 in cash and 0.2218 shares of II-VI common stock per 1.0 share of Finisar common stock, depending on the shareholder’s election. As a single entity, the combined company will be organized into two segments: Photonic Solutions and Compound Semiconductors. Giovanni Barbarossa, chief strategy...Read full article

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