II-VI Inc. To Acquire Finisar In $3.2 Bln Cash, Stock Deal – Quick Facts

II-VI Inc. (IIVI), a global leader in engineered materials and optoelectronic components, has Friday agreed to acquire Finisar Corp. (FNSR), a global technology leader in optical communications, in a cash and stock transaction with an equity value of about $3.2 billion. The strategic combination is expected to drive significant value creation through increased scale, broadened technological base, complementary product roadmaps, […]

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Why Shares of Finisar Corp. Popped Today

What happened Shares of Finisar Corp. (NASDAQ: FNSR) rose on Friday following a strong fiscal first-quarter report from the provider of subsystems and components for fiber-optic communications. The stock was up about 14.7% at 11:20 a.m. EDT. Continue Reading Below So what Finisar reported first-quarter revenue of $317.3 million, down 7.2% year over year but about $1.5 million higher than […]

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