Tyco Increases Equity Interest in FiberCore
CHARLTON, Mass., Sep 8, 2000 (BUSINESS WIRE) -- FiberCore, Inc. (OTC BB: FBCE chart, msgs)
FiberCore, a leading manufacturer of optical fiber and preform for the telecommunication and data communications markets, with production facilities in Jena, Germany and Campinas, Brazil today announced that Tyco International Ltd., through a wholly-owned subsidiary, invested $9 million in exchange for 1,352,375 shares of its common stock. FiberCore will use the proceeds to repay obligations in connection with its recent purchase of Xtal from Algar S.A.
See SI news for the rest of the article. |
