For years, speculating about which company Finisar would buy next has been a favorite parlor game among optical communications industry observers. Those speculators will have to find a new game to occupy their time, as the shoe is now on Finisar’s other foot. II-VI Inc. (NASDAQ:IIVI) has agreed to acquire the optical component and subsystems market share leader for approximately $3.2 billion in cash and stock. The companies expect the deal to close in the middle of next year.
II-VI to acquire Finisar for $3.2 billion
