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Corning buying optical component maker Alliance Fiber for $305M

2016-04-08 06:53:23| Industrial Machines - Topix.net

Corning is acquiring Alliance Fiber Optic Products , a provider of high-speed passive optical components used in telecom and data center applications, for $305M in cash. The price represents a 20% premium to AFOP's Thursday close, but is 17% below its 52-week high of $22.35.

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