November 9, 2018 / 10:24 AM / 12 days ago

Optical products maker II-VI to buy Finisar for $3.2 bln

Nov 9 (Reuters) - Laser and optical products maker II-VI Inc said on Friday it would buy peer Finisar Corp, a major Apple Inc supplier, for about $3.2 billion.

II-VI will pay Finisar shareholders $26 per share in cash and stock, a premium of 37.7 percent to Finisar’s closing share price on Thursday. (Reporting by Uday Sampath in Bengaluru; Editing by James Emmanuel)

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