secwatch.observer — SEC 8-K summary
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Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001193125-21-319601
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000119312521319601/0001193125-21-319601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000119312521319601/d248799d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-319601

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer