Friday, May 16, 2008

Finisar, Optium Merge

Sunnyvale-based optical component firm Finisar Corporation, and Pennsylvania-based Optium Corporation said Friday morning that the two companies have agreed to merge in an all-stock deal. The companies said that Optium stockholders will receive 6.262 Finisar shares for each share of Optium they own. The deal is worth approximately $212M. Both Finisar and Optium manufacture optical networking components, systems, and related products. Finisar is being advised by Oppenheimer & Co. and DLA Piper. Optium is being advised by Morgan Stanley & Co. and Goodwin Procter LLP in the deal.