Opnext, Inc.NASDAQ
OPXT is defunct.
  • Jun. 4, 2012, 5:23 PM

    Opnext (OPXT) +12.4% AH to $1.09 after disclosing it received and rejected an unsolicited offer to buy the company for $1.40/share. Opnext says its board concluded the offer isn't superior to an existing deal to merge with rival optical component vendor Oclaro (OCLR). Oclaro's all-stock offer was worth $1.96/share at the time of the merger announcement, but is worth $0.97/share today. OCLR +2.6%.

    | Jun. 4, 2012, 5:23 PM
  • Mar. 27, 2012, 9:34 AM

    Up initially following its all-stock acquisition of Opnext (OPXT +47.8%), Oclaro (OCLR -7.1%) is now lower. Concerns about the deal's premium, and perhaps the potential for share loss as customers strive to keep a diverse stable of suppliers, could be having an impact. That, in turn, has brought Opnext shares down to $1.67, well below the $1.96 price implied by yesterday's close. Rivals are trading higher: FNSR +3.4%. JDSU +2.2%. NPTN +1.1%.

    | Mar. 27, 2012, 9:34 AM
  • Mar. 26, 2012, 4:32 PM

    Oclaro (OCLR) is acquiring rival optical component vendor Opnext (OPXT) in an all-stock deal that values Opnext at $1.96/share, or $177M, based on today's close. Oclaro will be issuing 0.42 shares of its stock for every Opnext share outstanding. Many have speculated the optical component market is ripe for consolidation. OCLR +2.2% AH. OPXT halted. FNSR +0.9%. NPTN and JDSU could also see volatility.

    | Mar. 26, 2012, 4:32 PM
  • Mar. 7, 2012, 4:00 PM

    Saddled with too many vendors and excess capcity, the optical component industry is due for consolidation, says industry analyst Subu Subrahmanyan, who also speculates Oclaro (OCLR) could merge with Finisar (FNSR) or JDS Uniphase (JDSU). Finisar CEO Jerry Rawls says deals are often discussed, but  disagreements over price and fears of post-merger market share losses are standing in the way.

    | Mar. 7, 2012, 4:00 PM