II-VI to buy Apple supplier Finisar in cash and stock deal valued at $3.2 billion
Laser and optical products maker II-VI Inc. said on Friday it will buy Finisar Corp., a major Apple Inc. supplier, for about $3.2 billion. II-VI will pay Finisar shareholders $26 per share in cash and stock, a premium of 37.7% to Finisar's closing share price Thursday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.