What happened to Finisar?
Sunnyvale-based optical hardware company Finisar Corp. is being acquired by a competitor for $3.2 billion in cash and stock, the company announced Friday. Once the transaction closes next year, Finisar shareholders will own 31 percent of the combined company.
What company bought Finisar?
II-VI Incorporated
II-VI Incorporated (Nasdaq:IIVI), a global leader in engineered materials and optoelectronic devices, today successfully completed the acquisition of Finisar Corporation (Nasdaq:FNSR). The acquisition of Finisar was first announced on November 9, 2018.
How much did II-VI pay for Finisar?
$3.2BN deal creates giant photonics company employing 25,000 people across 70 locations. Optoelectronics firm II-VI has completed its planned acquisition of former rival Finisar, close to a year after the $3.2 billion deal was first announced.
When did Ii-Vi acquire Finisar?
Nov. 9, 2018
II-VI Inc. has completed the acquisition of Finisar Corp., which was first announced Nov. 9, 2018. The transaction was made with a combination of term loans and $1.1 billion of the company’s stock.
Where is Finisar manufactured?
About Finisar: Corporate headquarters are located in Sunnyvale, California (USA), with additional product development and manufacturing facilities located in California, Pennsylvania and Texas (USA), Australia, China, Germany, Malaysia, Singapore and Sweden.
What is the meaning of Finisar?
Finisar Corporation is a manufacturer of optical communication components and subsystems. In 2008, Finisar merged with Optium Corporation.
Where is Finisar based?
Sunnyvale
Finisar
| Type | Subsidiary |
|---|---|
| Headquarters | Sunnyvale, California |
| Products | Optical communication components |
| Revenue | $1.2B+ |
| Number of employees | 14,000 |
Who bought Ii-Vi?
Coherent Will Merge With II-VI in a $6.3 Billion Deal | The Motley Fool.
What is a fiber optic transceiver?
An optical transceiver is a small yet powerful device that can both transmit and receive data. The transceiver is an important part of a fiber optics network and is used to convert electrical signals to optical (light) signals and optical signals to electrical signals.
