Lumentum Holdings

Lumentum acquires outstanding Oclaro common stock in $1.8 billion agreement

Lumentum Holdings and Oclaro have reached an agreement, on which the former will acquire all of the outstanding common stock of the latter. 
 
For each share of Oclaro stock held, The holder will be entitled to receive $5.60 in cash and 0.0636 of a share of Lumentum common stock, subject to the terms. The transaction values Oclaro at $9.99per share or approximately $1.8 billion in equity value, based on the closing price of Lumentum's stock on 9 March 2018. 
 

Lumentum unveils Trueflex Nano small form factor WSS

Lumentum has added a small form factor TrueFlex Nano 1x9 wavelength-selective switch (WSS) to its portfolio for reconfigurable optical add-drop multiplexer (ROADM) applications.

Thinner than its predecessor, the new TrueFlex Nano 1x9 WSS is small enough to fit into a single-slot line card in optical networking systems. This next-generation device is 42 per cent smaller than conventional products and requires less operating power, the company claims.

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