Lumentum and NeoPhotonics announce receipt of antitrust clearance in China and expected transaction closing date

Lumentum Holdings and NeoPhotonics announced, in connection with Lumentum’s pending acquisition of NeoPhotonics, that Lumentum has obtained antitrust clearance from the People’s Republic of China’s State Administration for Market Regulation. This clearance satisfies the acquisition’s closing condition set forth in the previously announced merger agreement regarding the receipt of antitrust approval in the People’s Republic of China. As such, Lumentum currently expects that the NeoPhotonics acquisition

Under the terms of merger agreement, each share of NeoPhotonics common stock will be converted into the right to receive $16.00 in cash upon the completion of the transaction.