Oclaro Inc. (Nasdaq: OCLR) will be acquired by Lumentum Holdings Inc. (Nasdaq: LITE) in a cash and stock deal valued at approximately $1.7 billion. Shares of Oclaro surged $2.16 to close at $10.01 while Lumentum stock soared $3.03 to close at $72.00.
Lumentum to buy Oclaro
March 12, 2018 at 18:06 PM EDT
