Lumentum (LITE) is in the process of acquiring OCLR. LITE has offered 5.60$ per share +0.0636 LITE stock. With LITE at 60$, OCLR stock's value correspond to 9.42$. Current price is 8.22$.
Lumentum has reiterated its intention to acquire OCLR during their earning call. I personally stacked OCLR stocks today.
Submitted May 02, 2018 at 10:36AM by Teechce https://ift.tt/2w3coc0
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