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NPTN - NeoPhotonics: Merger Arbitrage
June, 03 2022 05:42 PM
NeoPhotonics Corporation
NeoPhotonics, NPTN, is an optoelectronics manufacturer being acquired by one of its larger peers Lumentum, LITE. This is a highly strategic transaction that is likely to pass its main hurdle, Chinese antitrust review. If the transaction closes sometime in the next 2-3 months quick 3-4% spread seems to be a decent play in the current volatile market. For further details see:
NeoPhotonics: Merger Arbitrage
Stock Information
Company Name:
NeoPhotonics Corporation
Stock Symbol:
NPTN
Market:
NYSE
Website:
neophotonics.com
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