Oclaro (OCLR) Tells Holders to Vote In Favor of Proposed Deal with Opnext (OPXT)

Oclaro, Inc. (Nasdaq: OCLR) is urging shareholders to cast their votes in favor of the proposed merger with Opnext (Nasdaq: OPXT) and in favor of the related increase in authorized shares. As of July 16, 2012, more than 45% of shareholders have cast their vote, with over 97% voting to approve all proposals required to effect the merger. Votes must be cast promptly in order to be counted in the special meeting of shareholders tomorrow, July 17, 2012, at 10:00 a.m. PDT.

"Our shareholders have overwhelmingly voted in favor of the proposed merger so far," said Alain Couder, chairman and CEO. "They recognize the significant synergies that the merger between Oclaro and Opnext will deliver. As a result of the merger, Oclaro will become the #2 global supplier of optical modules, components and subsystems for the large and fast growing telecommunications, data communications, industrial and consumer markets. We urge shareholders to vote in favor of the proposed merger today."

How to VoteWe urge all shareholders of record (i.e. who held shares on May 23, 2012) to vote their shares today, by following either the telephone or internet voting instructions that were enclosed with the proxy materials sent to them previously. Stockholders eligible to vote who did not receive voting instructions or who have misplaced their proxy materials can obtain the information required to vote by sending an email to [email protected]. Stockholders must include their full name and zip code in the email to obtain the voting control information.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Renovaro Biosciences (RENB) to Acquire Cyclomics
• Smart for Life (SMFL) Appoints David Trosin to its Board
• IBM (IBM) nearing deal to buy HashiCorp, (HCP) for $35 per share - Bloomberg (earlier)