Lumentum to acquire NeoPhotonics for $918M in cash ($16.00/share)

Lumentum Holdings Inc.

Purchase price represents ~39% premium to NeoPhotonics' Nov. 3 closing price.
Transaction expected to close in second half of calendar 2022, subject to approvals.
More than $50M in annual run-rate cost synergies targeted within 24 months of close.
Deal expected to be immediately accretive to Lumentum's non-GAAP EPS upon closing.
Lumentum to finance with balance sheet cash; provides up to $50M in term loans to NeoPhotonics.

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