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Teledyne DALSA - Linea HS2 11/24 LB

Avanex Buying Oplink for $283 Million

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FREMONT, Calif., March 20 -- Avanex Corp. has agreed to acquire Oplink Corp. in a stock deal worth about $283 million. The companies said that the combined company, to be known as Avanex, will be able to rapidly introduce innovative, cost-effective, next-generation products. "By combining Avanex's leading-edge technology solutions with Oplink's broad range of passive components and low cost manufacturing capabilities, we are creating a new entity that will be a formidable competitor in our industry," Paul Engle, president and chief executive of Avanex said in a statement.Read full article

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    Published: March 2002
    industrialNews & Features

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