NeoPhotonics to buy EMCORE's tunable laser and optical transceiver lines
November 01, 2014
NeoPhotonics (NASDAQ:NPTN) has agreed to buy the tunable laser and optical transceiver product lines of EMCORE Corp. (NASDAQ:EMKR) for $17.5 million. The sale is part of EMCORE’s ongoing restructuring and follows the sale of the company’s space photovoltaics division earlier this year.
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