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home / news releases / IIVI - Why I'm Fading The Finisar Deal For Now


IIVI - Why I'm Fading The Finisar Deal For Now

Last monthly update, I exited the Finisar (FNSR) position, which is being acquired by II-VI (IIVI) because spreads tightened on the Cisco (CSCO) and Acacia (ACIA) deal (which I reviewed here). The China risk did not diminish on that deal. I don't understand why the spread would tighten on the Cisco/Acacia announcement and opportunistically sold out of my Finisar position.

Less than a month later, the Finisar CEO is out (which is not good for odds of closure), and there is a less than stellar update

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Stock Information

Company Name: II-VI Incorporated
Stock Symbol: IIVI
Market: NASDAQ
Website: ii-vi.com

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