5 July 2011

Finisar completes Ignis acquisition

Fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has completed its acquisition of the entire equity interest in Ignis ASA of Oslo, Norway, whose shares are currently listed on the Oslo Stock Exchange.

As a result of its recommended voluntary public offer (announced in late March) and subsequent mandatory public offer to acquire all outstanding Ignis shares at a cash NOK8 per share, Finisar acquired about 97.25% of the outstanding Ignis shares and subsequently acquired the remaining shares through the compulsory transfer provisions of Norwegian law.

Ignis provides optical components and network solutions for fiber-optic communications. It operates globally through four subsidiaries: Syntune in Sweden, Ignis Photonyx in Denmark, SmartOptics in Norway, and Fi-ra Photonics (71.8% owned) in Korea. The firm’s product and services portfolio comprises passive optical components including optical chips, splitters and multiplexers, active optical components such as tunable lasers and modulators, and WDM-based solutions enabling the building of high-capacity optical networks. 

Ignis is applying to the Oslo Stock Exchange for delisting of its shares. The exchange has suspended trading in Ignis’ shares pending delisting.

See related items:

Finisar completes voluntary cash offer to acquire Ignis shares; to commence mandatory cash offer

Finisar offers to acquire Ignis

Tags: Finisar

Visit: www.ignis.com

Visit: www.finisar.com