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Lumentum to buy Oclaro for $1.8 billion in cash and stock transaction

( March 12, 2018, 14:51 GMT | Official Statement) -- MLex Summary: Lumentum has an agreement to buy Oclaro in a $1.8 billion cash and stock deal expected to close in the second half of calendar year 2018 subject to US and Chinese antitrust regulatory approval, the companies said in a statement. Lumentum is a leading maker of photonics products for industrial and consumer optical networking and lasers, while Oclaro makes optical components and modules "for the long-haul, metro and data center markets," they said.Statement follows below:...

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