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edgar-online.com
On February 22, 2000, MRV announced plans to acquire Fiber Optic
Communications Inc. ("FOCI"), headquartered in Science-Based Industrial Park,
Hsinchu, Taiwan. FOCI designs, develops, manufactures and markets fiber optic
components, subsystems and systems, and installations of fiber optic related
products including fiber optic passive components, fiber optic testing systems,
fiber optic instruments, fiber optic network installations and fiber optic
sensing systems that serve to manage and increase the capacity, or bandwidth of
fiber optic telecommunications and data communications networks. The purchase
price to be paid to acquire FOCI will consist of $50,000,000 in cash and 2.4
million shares of MRV Common Stock. |
