Lumentum to acquire Oclaro for USD 1.8 billion

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(Telecompaper) Lumentum has agreed to buy Oclaro for USD 1.8 billion in order to expand in the fibre-optic components market. The offer of USD 9.99 per share is a 40 percent premium to Oclaro’s average share price in the past month. 
Source: Industry News (syndicated from Telecompaper.com)

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