Newport To Pay $230M For Laser Maker Ophir
Newport will pay $8.43 per share in a transaction that is expected to close by the end of the fourth quarter of 2011, pending regulatory and Ophir shareholder approval. The transaction will be immediately accretive to Newport earnings after closing, the company said.
A maker of photonics instrumentation and other photonics technologies, Newport will now be able to enter the market for high-growth applications...
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