The Critical Investing Workshop Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: elpolvo who wrote (14492)	4/17/2000 3:47:00 PM
From: Dealer	Read Replies (2) of 35685

LPTHA--(MORE) DOW JONES NEWS 04-17-00 08:50 AM DJ LightPath Buy -2: To Issue 1.2M Class A Shrs >LPTHA ALBUQUERQUE, N.M. (Dow Jones)--LightPath Technologies Inc. (LPTHA) acquired Horizon Photonics Inc., a California-based optical communications company, for $36.2 million in cash and stock. In a press release Monday, LightPath said the cash portion of the deal totaled $1 million and LightPath will issue about 1.2 million shares of Class A common stock. The company also said it has called for the redemption of all outstanding Class B warrants at a date not yet determined but prior to May 15. About 2.8 million Class B warrants are outstanding worth $23 million. The Horizon deal will be reported by purchase accounting and will result in amortized goodwill over the short-term. LightPath will expense in-process research and development at the time of acquisition. All amounts will appear beginning in the fourth quarter. Shares of LightPath traded recently at 16 3/8, up 3/4, 4.8%, on Nasdaq volume of 1.07 million shares. Average daily volume is 794,115. LightPath makes proprietary collimator assemblies and Gradium glass products. -Bill Platt; Dow Jones Newswires; 201-938-5400 (END) DOW JONES NEWS 04-17-00

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next