Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

NeoPhotonics Completes Acquisition Of LAPIS' Semiconductor Optical Business Unit

RELATED NEWS
Trade NPTN now with 

NeoPhotonics Corp. (NPTN: Quote) 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.

Click here to receive FREE breaking news email alerts for NeoPhotonics Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that it swung to a second quarter loss, hurt by higher costs and expenses even as revenue surged 47%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.