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According to AppleInsider – Frontpage News (This article and its images were originally posted on AppleInsider – Frontpage News November 9, 2018 at 07:31AM.)
Friday, November 09, 2018, 04:27 am PT (07:27 am ET)
Finisar, the producer of laser scanners used to power Apple’s Face ID system on its iPhones, has been acquired by optical system producer II-VI Incorporated, in a purchase said to be worth approximately $3.2 billion.(Cover Image) Machinery on a Finisar laser production line.
II-VI announced the purchase on Friday, with the acquisition consisting of a cash-and-stock deal at a 37.7 percent premium on Finisar’s closing price from Thursday. Shareholders of Finisar will own around 31 percent of the combined company once it is completed, which is currently expected to close in mid-2019 following regulatory approval.
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This article and images were originally posted on [AppleInsider – Frontpage News] November 9, 2018 at 07:31AM. Credit to the original author and AppleInsider – Frontpage News | ESIST.T>G>S Recommended Articles Of The Day.