Oplink To Be Acquired By Koch Industries For $445 Mln Cash - Quick Facts

(RTTNews) - Oplink Communications, Inc. (OPLK) and Koch Industries, Inc., said they have reached a definitive agreement for Koch Optics, Inc., a wholly owned Koch Industries subsidiary, to acquire Oplink in an all-cash transaction for about $445 million.

As per the agreement, which has been approved by the Board of Directors of both companies, Koch Optics will commence a tender offer and subsequent merger for all of the outstanding shares of Oplink common stock for $24.25 per share.

The purchase price represents a 26 percent premium to the average closing price for the 30 days prior to the announcement and a 14 percent premium to the closing price on November 18.

Oplink, which provides optical components and systems, will be managed by Molex, a global electronics components company and Koch Industries subsidiary. The transaction represents an expansion of Koch's technology platform operated under Molex.