Finisar terminates merger agreement with Marlow Industries

June 21, 2001
June 21, 2001--Finisar Corporation, a technology provider of gigabit fiber optic solutions for high-speed data networks, reported it has terminated the proposed acquisition of Marlow Industries.

Finisar Corporation (Nasdaq:FNSR), a technology provider of gigabit fiber optic solutions for high-speed data networks, reported it has terminated the proposed acquisition of Marlow Industries, Inc., in accordance with the pertinent provisions of the merger agreement between the two companies.

"We are disappointed that adverse economic conditions, particularly in the telecommunications industry, prevent the acquisition of Marlow Industries from proceeding as planned," said Jerry Rawls, Finisar's President and CEO. Rawls further commented that Finisar may continue to hold discussions with Marlow concerning other ways the companies may enter into a new agreement with revised economic terms.

ABOUT FINISAR

Finisar Corporation (Nasdaq:FNSR) is a technology provider of fiber optic subsystems and network performance test systems which enable high-speed data communications over Gigabit Ethernet local area networks (LANs), Fibre Channel storage area networks (SANs), and wide-area and metropolitan data networking applications (WANs and MANs). For more information, visit www.finisar.com.

Sponsored Recommendations

Coherent Routing and Optical Transport – Getting Under the Covers

April 11, 2024
Join us as we delve into the symbiotic relationship between IPoDWDM and cutting-edge optical transport innovations, revolutionizing the landscape of data transmission.

Data Center Network Advances

April 2, 2024
Lightwave’s latest on-topic eBook, which AFL and Henkel sponsor, will address advances in data center technology. The eBook looks at various topics, ranging...

Supporting 5G with Fiber

April 12, 2023
Network operators continue their 5G coverage expansion – which means they also continue to roll out fiber to support such initiatives. The articles in this Lightwave On ...

FTTx Deployment Strategies

March 29, 2023
Cable operators continue to deploy fiber in their networks at anincreasing rate. As fiber grows in importance, proper choices regardinghow to best fit fiber to the home together...