LTD Management Company, a Hotel Development and Management Group, Receives Design and Construction Excellence Award from Marriott International
Newport News, VA Hotel Honored at 2009 Marriott Owners Conference
MSC Cruises Announces Canada/New England Sailings From New York and Quebec in 2010
10-night roundtrip, departing from New York City on Sept. 22 and calling
in Sydney, Charlottetown, Quebec, Halifax and Newport
-- 7-night New York City to Quebec, departing Oct. 2 and calling in
Halifax, Charlottetown and Corner Brook
-- 7-night Quebec to New York City, departing Oct. 9 and calling in Sydney,
Bar Harbor, Boston and Newport
A Father's Day to Remember at Fleming's Prime Steakhouse & Wine Bar
NEWPORT BEACH, Calif., June 3 /PRNewswire/ --
Oclaro and Newport to Exchange Strategic Assets
Oclaro, Inc. (Nasdaq: OCLR) today announced it has signed a definitive agreement with Newport Corporation (Nasdaq: NEWP). Under the terms of the agreement, Newport will acquire the New Focus business of Oclaro's Advanced Photonics Solutions division in exchange for the Newport Spectra Physics high power laser diodes business. Oclaro will also receive $3 million in cash proceeds which is expected to fund the substantial portion of related transition and integration costs.
Newport Corporation and Oclaro, Inc. to Exchange Assets
Newport Corporation (Nasdaq: NEWP) today announced it has signed definitive agreements with Oclaro, Inc. (Nasdaq: OCLR) for an exchange of assets and cash between the two companies. Under the terms of the agreements, Newport will acquire Oclaro's New Focus(TM) business and its portfolio of high-performance products that includes opto-electronics, high-resolution actuators, opto-mechanics, tunable lasers, vacuum and ultraclean solutions, and OEM-engineered solutions. Simultaneously, Oclaro will acquire Newport's high-power diode laser manufacturing operations, located in Tucson, Arizona.
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