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News

1 November 2007

 

Oplink completes acquisition of OCP

Photonic component, module and subsystem maker Oplink Communications Inc of Fremont, CA, USA has acquired the remaining 42% of the outstanding common stock of Optical Communication Products Inc of Woodland Hills, CA, USA, which designs and manufactures fiber-optic communication components and subsystems.

This follows approval of the corresponding merger (between OCP and a subsidiary of Oplink) by more than two-thirds of the holders of OCP common stock not held by Oplink. Oplink has paid the stockholders $1.65 per share (about $80m in total).

Oplink had agreed to acquire the outstanding OCP shares on 19 June, after previously completing its purchase of the 57.9% stake of The Furukawa Electric Co Ltd on 5 June.

As a result of the merger’s completion, OCP is now a wholly owned subsidiary of Oplink. “We look forward to integrating OCP with Oplink and being able to provide our combined customer base a broader product portfolio of offerings,” says Oplink’s president and CEO Joe Liu.

See related items:

Oplink’s revenues grow more than 80% year-on-year

OCP elects Oplink CEO as non-executive chairman

Oplink signs definitive agreement to acquire remaining shares of OCP

Oplink closes purchase of Furukawa’s stake in OCP and agrees to acquire remaining shares

Furukawa packs OCP’s board to facilitate its sale to Oplink

Court denies Oplink’s request to expedite proceedings against OCP

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