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Finisar To Acqiure Optium In All-Stock Merger

Posted on May 16, 2008

Finisar (FNSR) this morning announced a deal to acquire Optium (OPTM), creating what Finisar says will be the world s largest supplier of optical networking components. Terms of the deal call for Optium holders to receive 6.262 Finisar shares for each share of Optium. After the deal, existing Finisar holders will have a 65% stake in the company, with Optium holders owning 35%. The company said it expects the deal to be accretive on a run-rate, non-GAAP basis one year after closing. Finisar said it sees pre-tax cost synergies of $10 million to $15 million.Finisar also said it expects revenue...

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