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Opnext, Inc. (OPXT) Message Board

  • coldwintergas coldwintergas Apr 13, 2012 5:36 PM Flag

    OPXT paid 172 million for stratalight in 2008, and now is worth 128 million ??

    wtf?

    Transaction Details

    Under the terms of the agreement, which has been approved by the boards of directors of both companies, Opnext will acquire StrataLight Communications for a total consideration of approximately 26.55 million common shares and $30 million in cash. Based on Opnext's closing share price of $5.35 on July 8, 2008, this represents a value of approximately $172 million. Upon completion of the acquisition, StrataLight Communications' shareholders will own approximately 29 percent of the combined company.