Oclaro, Inc.


Company Name:
Oclaro, Inc. 
Sector:
Communications 
Transaction Type:
Follow-on Offering 
Ticker Symbol:
OCLR 
Deal Amount:
$144M
Transaction Date:
9/21/2016 
Transaction Summary:
Oclaro, Inc. raised $144.04 million in its upsized follow-on offering at $8.35 per share. Needham acted as a co-manager on the transaction. The Company‚Äôs underwriters fully exercised their option to purchase an additional 2,250,000 shares of common stock at the follow-on offering price to cover over-allotments. The net proceeds from the sale of the shares from the offering will be used by Oclaro, Inc. for general corporate purposes, including working capital, capital expenditures, other corporate expenses and acquisitions of complementary products, technologies or businesses.  
Company Description:
Oclaro, Inc. (NASDAQ: OCLR) is a leader in optical components, modules and subsystems for the core optical, enterprise and data center markets. Leveraging more than three decades of laser technology innovation, photonics integration, and subsystem design, Oclaro's solutions are at the heart of the fast optical networks and high-speed interconnects driving the next wave of streaming video, cloud computing, voice over IP and other bandwidth-intensive and high-speed applications. 
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