Press release
Lumentum and NeoPhotonics Announce Receipt of Antitrust Clearance in China and Expected Transaction Closing Date
SAN JOSE, Calif., July 29, 2022 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ: LITE) ("Lumentum") and NeoPhotonics Corporation (NYSE: NPTN) ("NeoPhotonics")
About this update from Lumentum Holdings Inc.
[{"type":"text","content":"SAN JOSE, Calif., July 29, 2022 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ: LITE) (\"Lumentum\") and NeoPhotonics Corporation (NYSE: NPTN) (\"NeoPhotonics\") today announced, in connection with Lumentum's pending acquisition of NeoPhotonics, that Lumentum has obtained antitrust clearance from the People's Republic of China's State Administration for Market Regulation. This clearance satisfies the acquisition's closing condition set forth in the previously announced merger agreement regarding the receipt of antitrust approval in the People's Republic of China. As such, Lumentum currently expects that the NeoPhotonics acquisition will close on or around August 3, 2022.\nUnder the terms of merger agreement, each share of NeoPhotonics common stock will be converted into the right to receive $16.00 in cash upon the completion of the transaction.\nAbout Lumentum\nLumentum (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide. Lumentum optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities. Lumentum is headquartered in San Jose, California with R&D, manufacturing, and sales offices worldwide. For more information, visit www.lumentum.com and follow Lumentum on LinkedIn, Twitter, Facebook, Instagram, and YouTube.\nAbout NeoPhotonics\nNeoPhotonics (NYSE: NPTN) is a leading developer and manufacturer of lasers and optoelectronic solutions that transmit, receive and switch high-speed digital optical signals for Cloud and hyper-scale data center internet content providers and telecom networks. NeoPhotonics' products enable cost-effective, high-speed over distance data transmission and efficient allocation of bandwidth in optical networks. NeoPhotonics maintains headquarters in San Jose, California and ISO 9001:2015 certified engineering and manufacturing facilities in Silicon Valley (USA), Japan and China. For additional information visit www.neophotonics.com.\nForward-Looking StatementsThis communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the...