Tech Company M&A Transactions
StrataLight Communications Acquisition
On 7/11/2008, StrataLight Communications was bought by Opnext. Purchase price was estimated to be $172 million.
Transaction Overview
Company Name
Acquired By
Announced On
7/11/2008
Transaction Type
M&A
Amount
$172,000,000
M&A Terms
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.
Company Information
Company Status
Acquired or Merged
Industry
Networking
Mailing Address
151 Albright Way
Los Gatos, CA 95032
USA
Los Gatos, CA 95032
USA
Phone
Website
Email Address
Overview
StrataLight Communications develops innovative fiber transmission subsystems for use by carriers in building next-generation long-haul optical networks.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Shri Dodani
Chief Financial Officer
Bruce Horn
General Manager
Ross Saunders
Vice President
Pat Day
Vice President
Bryson Wallace
VP - Engineering
Roberto Marcoccia
VP - Operations
Pat Rezza
VP - Product Management
Jin Hong
VP - Sales
David Sykes
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Prev: 7/11/2008: Zeno venture capital transaction
Next: 7/12/2008: Switch2Health venture capital transaction
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Where The Data Comes From
We record tech company VC transactions. VC investment data records reported here come from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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