Opnext Acquires StrataLight Communications for $172,000,000

  • Feed Type
  • Date
    7/11/2008
  • Company Name
    StrataLight Communications
  • Mailing Address
    151 Albright Way Los Gatos, CA 95032
  • Company Description
    StrataLight Communications develops innovative fiber transmission subsystems for use by carriers in building next-generation long-haul optical networks.
  • Website
    http://www.stratalight.com/
  • Transaction Type
    M&A
  • Transaction Amount
    $172,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the agreement, which has been approved by the boards of directors of both companies, Opnext will acquire StrataLight Communications for a total consideration of approximately 26.55 million common shares and $30 million in cash. Based on Opnext’s closing share price of $5.35 on July 8, 2008, this represents a value of approximately $172 million.

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