secwatch.observer — SEC 8-K summary
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Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0001193125-21-321796
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lumentum to acquire NeoPhotonics for $16.00/share in all-cash deal; boards approve
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- Merger consideration of $16.00 per share in cash for each NeoPhotonics common share.
- Termination fees: $27.5M from NeoPhotonics for superior proposal; $55.1M from Lumentum for antitrust failure; additional $36.7M for certain actions.
- Lumentum arranged up to $50M in interim unsecured debt financing, two-year term at Prime Rate, subordinated to Wells Fargo facility.
- Closing conditioned on HSR waiting period, stockholder approvals from both companies; no financing condition.
- Boards of Lumentum and NeoPhotonics unanimously approved the Merger Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000119312521321796/0001193125-21-321796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000119312521321796/d216381d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-321796

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