logo
Share SHARE
FONT-SIZE Plus   Neg

NeoPhotonics Completes Acquisition Of LAPIS' Semiconductor Optical Business Unit

NeoPhotonics Corp. (NPTN) announced the completion of acquisition of the semiconductor optical components business unit of LAPIS Semiconductor Co., Ltd. for total purchase price is approximately $35.2 million, including future payments for real estate. The OCU business was merged into and now operates as NeoPhotonics Semiconductor GK, a Japanese subsidiary of NeoPhotonics.

NeoPhotonics expects OCU deal to be accretive to its Adjusted EBITDA within the first year following the transaction.

In addition, NeoPhotonics plans to provide an update on the OCU business when it releases its quarterly financial results for the first quarter of 2013, which is currently expected to be in the first half of May 2013.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Canada based Maple Leaf Foods Inc. Wednesday said it has reached a definitive agreement with Brynwood Partner VI L.P. for the acquisition of Lightlife Foods Inc. The deal would be worth $140 million plus other costs. Light is a brand in U.S. for refrigerated plant based protein foods. A hedge fund is an alternative investment fund that uses pooled funds from accredited individuals or institutional investors and invests these funds in different assets with a goal of generating high returns. Hedge funds are generally accessible only to accredited or qualified investors. They cannot... Off-price retailer TJX Companies, Inc. reported a nearly 2 percent increase in profit for the fourth quarter from last year, reflecting higher sales and customer traffic. Both revenue and earnings per share for the quarter beat analysts' expectations. The company forecast earnings for the first quarter below the Street estimates and projects fiscal 2018 earnings above their expectations.
comments powered by Disqus
Follow RTT