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Merger: Lumentum Holdings Makes A Nice Deal Acquiring Oclaro, Inc.
Lumentum Holdings [LITE] has agreed to acquire Oclaro Inc [OCLR] for $5.60/share plus 0.0636 shares of each Oclaro share. This makes the deal worth approximately $8.46/share to Oclaro shareholders. . Fair value for Oclaro is $7.00/share and Lumentum is at $45.00/share. The offer represents a 20.8% premium. Placing the arrangement on the high side of the fair value trading range and very acceptable