Koch Industries, Inc. and Oplink Communications, Inc. (NASDAQ: OPLK)
announced today that Koch Industries’ wholly owned subsidiary Koch
Optics, Inc. completed its tender offer to purchase all issued and
outstanding shares of common stock of Oplink at a price of $24.25 per
share and that Koch Optics has merged with and into Oplink, effective as
of December 23, 2014.
The tender offer expired at 12:00 midnight, New York City time, on
Monday, December 22, 2014, and was not extended. 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withdrawn in the tender offer, representing approximately 83.8% of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. Koch Optics has accepted for payment all
shares tendered in the tender offer.
Koch Optics and Oplink subsequently completed the merger without a vote
or meeting of Oplink’s shareholders, with Oplink surviving the merger as
a wholly owned subsidiary of Koch Industries. Oplink shares ceased
trading on the NASDAQ Global Market prior to the opening of the market
on December 23, 2014.
About Oplink Communications, Inc.
Oplink, headquartered in Fremont, California, is a leading provider
of optical communication components, intelligent modules and subsystems.
The company offers advanced solutions in DWDM and CWDM bandwidth
creation, optical amplification, switching & routing, wavelength
conditioning, monitoring & protection, connectivity and system-level
integration, as well as a broad portfolio of optical transceivers for
metro WDM, aggregation and access applications. Oplink supplies to
global leading and emerging telecommunications, data communications and
cable TV equipment makers. Oplink owns multiple research and
manufacturing facilities in Asia. To learn more about Oplink, visit its
web site at www.oplink.com.
About Koch Industries, Inc.
Based in Wichita, Kan., Koch Industries, Inc. is one of the largest
private companies in America with annual revenues of about $115 billion,
according to Forbes. It owns a diverse group of companies involved in
refining, chemicals, grain processing and biofuels; forest and consumer
products; fertilizers; polymers and fibers; process and pollution
control equipment and technologies; electronic components; commodity
trading; minerals; energy; ranching; glass; and investments. Since 2003,
Koch companies have invested approximately $65 billion in acquisitions
and other capital expenditures. With a presence in about 60 countries,
Koch companies employ more than 100,000 people worldwide, with about
60,000 of those in the United States. From January 2009 to present, Koch
companies have earned more than 930 awards for safety, environmental
excellence, community stewardship, innovation, and customer service.
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