Shareholders Approve The Merger Of II-VI Inc. And Finisar [Seeking Alpha]
FINISAR (FNSR)
Last finisar earnings: 9/4 04:01 pm
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US:NASDAQ Investor Relations:
investor.finisar.com
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Source: Seeking Alpha
Shareholders Approve The Merger Of II-VI Inc. And Finisar II-VI to Merge Finisar Into Its Operations II-VI Incorporated (NASDAQ: IIVI FNSR merge The shareholders of both companies have approved the merger, with 97% of II-VI shareholders voting and 99% of Finisar voting in favor of the merger. The merger is subject to regulatory approvals. Four of the five required countries have approved the merger, with China being in phase II of the Chinese regulatory process. The Chinese approval could be granted by the middle of 2019. II-VI has 63.5 million shares outstanding. Finisar has 117.9 million shares outstanding, which would form 26.2 million new shares of II-VI. The total shares outstanding of the combined company would be 89.7 million, with Finisar shareholders owing around 30% and II-VI shareholders owing 70%. The market cap of II-VI is currently $2.3 billion and the market cap of Finisar is currently $2.7 billion. On a market cap basis, Finisar is actually larger than II-VI. In 2018,
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