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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (2849)	9/30/2011 1:12:07 AM
From: richardred	Respond to of 7256

NeoPhotonics to acquire manufacturer Santur NeoPhotonics agrees to buy Santur in deal potentially worth up to $46.7 million ap SAN JOSE, Calif. (AP) -- NeoPhotonics Corp., a maker of components for communications networks, said Thursday that it has agreed to acquire Santur Corp. in a deal potentially worth up to $46.7 million. Under the terms of the deal, NeoPhotonics has agreed to pay $39.2 million in cash, plus an additional $7.5 million contingent on the financial performance of Santur products at the end of next year. Santur, which is based in Fremont, Calif., designs and manufactures indium phosphide-based products, such as tunable laser arrays and packaging technologies for communications. The company generated about $21 million in revenue for the six months ended June 30. Both companies' boards of directors have approved the deal. The transaction is expected to close later this year. NeoPhotonics ended the regular trading session down 5 cents at $6.56. finance.yahoo.com