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Adva to acquire MRV Communications for $69 million

Created July 3, 2017

Adva Optical Networking has announced that it has entered into a definitive agreement to acquire MRV Communications, Inc. Under the terms of the agreement, Adva will make a tender offer of $10.00 per share for all the outstanding common stock of the California-based provider of network solutions for data centre operators, service providers and enterprises.

The offer equates to an aggregate purchase price of USD 69 million and has been approved and unanimously recommended by both the board of directors of both companies.

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