Oclaro, Inc. (OCLR)

[tedkov]

Oclaro Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
March 14, 2018
Tags: NewsPoints Oclaro Lumentum United States Corporate Affairs Mergers &
Acquisitions

A group of Oclaro, Inc. shareholders are attempting
to block the purchase of the company by Lumentum Holdings Inc.

The shareholders allege that the purchase price of $5.60 per share in cash and 0.636 of a share of Lumentum (representing an implied price of $9.99 per share) is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.

Oclaro did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Oclaro for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or [e-mail]