Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Oclaro Inc (NASDAQ: OCLR) acted responsibly on behalf of investors’ profitability in the $1.8 billion planned sale to Lumentum Holdings Inc.
On March 12, 2018, Oclaro Inc (NASDAQ: OCLR) and Lumentum Holdings Inc announced that they had entered into a merger agreement. Under the terms of the merger agreement, Oclaro shareholders will receive only $5.60 in cash and 0.0636 of a share of Lumentum for each share of Oclaro stock they own.
Based in San Jose, California, and founded in 1988 Oclaro Inc designs, manufactures, and markets optical components, modules, and subsystems for the long-haul, metro, and data center markets worldwide.
The investigation focuses on whether NASDAQ: OCLR investors received the highest price and whether the directors of Oclaro Inc acted in the best interest of Oclaro Inc company and its shareholders.
If you purchased Oclaro Inc (NASDAQ: OCLR) prior to March 12, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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