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Optium to Acquire Kailight Photonics

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HORSHAM, Pa., March 28, 2007 -- Optium Corp., a supplier of high-performance optical subsystems for the telecom and cable TV industries, announced it has entered into a definitive agreement to acquire Kailight Photonics Inc., a maker of 40 Gb/s optical transmission products. The total purchase price for the acquisition will be approximately $35 million in cash at closing, including payment for all outstanding capital stock and vested in-the-money stock options, as well as the payment of Kailight stockholder indebtedness and employee change-of-control awards, Optium said. Kailight's optical modules are 300-pin 40...Read full article

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