Bookham to sell UK facility for $9.5 million

    Sept. 21, 2006
    SEPTEMBER 21, 2006 -- Bookham Inc. announced that on September 20, 2006 it signed an agreement for the sale of its Paignton, UK, assembly and test facility.

    SEPTEMBER 21, 2006 -- Bookham Inc. (search for Bookham) announced that on September 20, 2006 it signed an agreement for the sale of its Paignton, UK, assembly and test facility. On closing, which is expected to occur in the middle of November, the company expects to receive proceeds of approximately $9.5 million.

    "With this latest transaction we will have raised approximately $41 million from the recent private placement of common stock and the sale of our Paignton facility," said Dr. Giorgio Anania, president and CEO of Bookham Inc. "We now have a much stronger balance sheet, which we plan to leverage to better address our growing markets."

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