Search
Menu
PI Physik Instrumente - Fast Steering LB LW 11/24

Lucent to Acquire Ortel

Facebook X LinkedIn Email
MURRAY HILL, N.J., Feb. 8 -- Lucent Technologies' Microelectronics Group has agreed to acquire Alhambra, Calif.-based Ortel Corp., a developer of photonic components for cable TV networks. The merger agreement calls for each share of Ortel to be converted into 3.135 shares of Lucent. The acquisition is valued at approximately $2.95 billion, or $177.125 per Ortel share on a fully diluted basis, based on Lucent's Feb. 4 closing stock price of $57. This acquisition marries our communications optoelectronics leadership with Ortel's expertise in optoelectronics for cable TV and...Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: February 2000
    CommunicationsNews & Features

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.