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A wholly owned subsidiary of Koch Industries, Molex will now manage Oplink, a leading provider of optical communication components, intelligent modules and subsystems for a wide variety of customer applications.
The depositary for the tender offer advised Koch Optics that, as of the expiration of the tender offer, a total of 14,701,501 shares were validly tendered and not withdrawn in the tender offer, representing approximately 83.8% of Oplink's outstanding shares.
Oplink's wireless security system is a great opportunity for wireless carriers to expand their relationships with their customers and increase RMR.
Oplink Communications Inc (OPLK) shares plunged 8.33 percent to $ 14.78 in post-market trading.
US conglomerate Koch Industries Inc said it had launched its USD24.25 (EUR19.51) per share offer for local optical components and systems specialist Oplink Communications Inc (NASDAQ:OPLK).
The top after-market Nasdaq gainers Friday were The Medicines Company, Ixia, Oplink Communications Inc, CEVA and ADTRAN Inc.
Design, integration and optical manufacturing solutions provider Oplink Communications Inc (Nasdaq:OPLK) announced on Thursday the launch of an IoT (Internet of Things) platform IP licensing business Cloud4mi, or C4mi.
(LAN609) FREDERICK FROMM, CEO of OPLINK COMMUNICATIONS INC (OPLK), describes the company's business and its background; prospects for the industry, with positive and negative trends; competitive threats; strategic opportunities for the firm including its marketing plans and acquisition potential; management strength and organization; and the financial prospects of the firm looking forward.
The top after-market NASDAQ Stock Market losers are: BTU International, Quest Software, Key Tronic, QuickLogic, Web.com Group, Oplink Communications, First Solar, OpenTable, Motricity, and Century Aluminum.