II-VI (IIVI +1.4%) acquires Aegis Lightwave for $52M in a deal designed to strengthen the firm's...

|About: II-VI Incorporated (IIVI)|By:, SA News Editor

II-VI (IIVI +1.4%) acquires Aegis Lightwave for $52M in a deal designed to strengthen the firm's telecommunications offerings, and provides upward FY12 guidance on earnings and revenue. II-VI's consensus analyst price target is a whopping $62/share.