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News Article

Finisar acquires 100% of Ignis

The firm has completed the purchase of the manufacturer of optical chips, splitters, multiplexers, tunable lasers and modulators.

Finisar Corporation has successfully completed its acquisition of the entire equity interest in Ignis ASA, a Norwegian company whose shares are currently listed on the Oslo Stock Exchange.

 As a result of its previously-announced recommended voluntary public offer and subsequent mandatory public offer to acquire all outstanding Ignis shares at a cash NOK 8 per share, Finisar acquired approximately 97.25% of the outstanding Ignis shares and subsequently acquired the remaining shares through the compulsory transfer provisions of Norwegian law.

Ignis is applying to the Oslo Stock Exchange for the delisting of its shares. The Exchange has suspended trading in the Ignis shares pending delisting.

SEB Enkilda has acted as Finisar's financial advisor, and DLA Piper has acted as Finisar's legal advisor, in connection with Finisar's acquisition of Ignis.

Ignis ASA is an innovative provider of optical components and network solutions for fibre optic communications. The company operates globally through four subsidiaries: Fi-ra Photonics in Korea (71.8% owned) and wholly-owned subsidiaries Syntune in Sweden, Ignis Photonyx in Denmark, and SmartOptics in Norway.
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