Optical components makers rally after Cisco acquires Acacia for 46% premium - InvestingChannel

Optical components makers rally after Cisco acquires Acacia for 46% premium

After Cisco Systems (CSCO) this morning announced the acquisition of Acacia Communications (ACIA) for a 46% premium, or $70 per share in cash, shares of optical components makers are moving higher. Lumentum (LITE), Applied Optoelectronics (AAOI), NeoPhotonics (NPTN), Finisar (FNSR), Ciena (CIEN) and Infinera (INFN) are among the names set to open higher.