Shareholder Class Action

Directors are selling Finisar Corp. too cheaply through an unfair process to the optoelectronics firm II-IV Inc., for $15.60 a share plus 0.2218 shares of the new company for each Finisar share, a $3.2 billion merger, shareholders say in a federal class action.

SAN FRANCISCO — Directors are selling Finisar Corp. too cheaply through an unfair process to the optoelectronics firm II-IV Inc., for $15.60 a share plus 0.2218 shares of the new company for each Finisar share, a $3.2 billion merger, shareholders say in a federal class action.

Categories / Securities, Technology

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Shareholder Class Action