II-VI to Merge Finisar Into Its Operations
II-VI Incorporated (NASDAQ:IIVI) will merge Finisar Corporation (NASDAQ:FNSR) into its operations. After the merge Finisar shareholders will own 0.2218 shares of II-VI and receive a cash payment of $15.60 per Finisar share.
The shareholders of both companies have approved the merger, with 97% of II-VI shareholders voting and 99% of Finisar voting in favor of the merger.
The merger is subject to regulatory approvals. Four of the five required countries have approved the merger, with China being in phase II of the Chinese regulatory