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home / news releases / NPTN - Lumentum gets China approval for NeoPhotonics deal will close on Wednesday

NPTN - Lumentum gets China approval for NeoPhotonics deal will close on Wednesday

NeoPhotonics Corporation

  • Lumentum ( NASDAQ: LITE ) said it received China antitrust approval for its planned acquisition of NeoPhotonics ( NYSE: NPTN ). NeoPhotonics was earlier halted for news pending. Lumentum gained 1.7%.
  • Lumentum ( LITE ) currently expects that the NeoPhotonics acquisition will close on or around Wednesday, according to a statement.
  • Lumentum ( LITE ) agreed to buy NeoPhotonics ( NPTN ) for more than $900M, or $16/share in cash, in early November. The deal came amid a flurry of M&A activity in the optical sensor market. I-VI ( IIVI ) beat out Lumentum ( LITE ) last year in a bid for Coherent .

For further details see:

Lumentum gets China approval for NeoPhotonics deal, will close on Wednesday
Stock Information
Company Name: NeoPhotonics Corporation
Stock Symbol: NPTN
Market: NYSE
Website: neophotonics.com
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