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II-VI to Acquire Finisar

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II-VI Inc., a developer of engineered materials and optoelectronic components, and Finisar Corp., a global technology leader in optical communications, have announced that they have entered into a definitive merger agreement. Under the agreement, II-VI will acquire Finisar in a cash and stock transaction with an equity value of approximately $3.2 billion. The combination of II-VI and Finisar would unite two innovative companies with complementary capabilities and cultures to form a photonics and compound semiconductor company capable of serving the broad set of fast growing markets of...Read full article

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