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Lumentum Holdings and NeoPhotonics Corporation has announced that, in connection with Lumentum's pending acquisition of NeoPhotonics, Lumentum has obtained antitrust clearance from the People's Republic of China's State Administration for Market Regulation. This clearance satisfies the acquisition's closing condition set forth in the previously announced merger agreement regarding the receipt of antitrust approval in the People's Republic of China. As such, Lumentum currently expects that the NeoPhotonics acquisition will close on or around August 3, 2022.
Under the terms of the merger agreement, each share of NeoPhotonics common stock will be converted into the right to receive $16.00 in cash upon the completion of the transaction.
About Lumentum
Lumentum is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide. Lumentum optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities. Lumentum is headquartered in San Jose, California with R&D, manufacturing, and sales offices worldwide.
About NeoPhotonics
NeoPhotonics is a leading developer and manufacturer of lasers and optoelectronic solutions that transmit, receive, and switch high-speed digital optical signals for Cloud and hyper-scale data center internet content providers and telecom networks. NeoPhotonics' products enable cost-effective, high-speed over distance data transmission and efficient allocation of bandwidth in optical networks. NeoPhotonics maintains headquarters in San Jose, California, and ISO 9001:2015 certified engineering and manufacturing facilities in Silicon Valley (USA), Japan, and China.
Click here to know more about the new collaboration of Lumentum with MRSI Systems.