Koch Industries, Inc. Completes Purchase of Oplink Communications, Inc.
December 23, 2014
Koch Industries, Inc. and Oplink Communications, Inc. (NASDAQ: OPLK) announced today that Koch Industries’ wholly owned subsidiary Koch Optics, Inc. completed its tender offer to purchase all issued and outstanding shares of common stock of Oplink at a price of $24.25 per share and that Koch Optics has merged with and into Oplink, effective as of December 23, 2014.
The tender offer expired at 12:00 midnight, New York City time, on Monday, December 22, 2014, and was not extended. The depositary for the tender offer advised Koch Optics that, as of the expiration of the tender offer, a total of 14,701,501 shares were validly tendered and not withdrawn in the tender offer, representing approximately 83.8% of Oplink’s outstanding shares. Koch Optics has accepted for payment all shares tendered in the tender offer.
Koch Optics and Oplink subsequently completed the merger without a vote or meeting of Oplink’s shareholders, with Oplink surviving the merger as a wholly owned subsidiary of Koch Industries. Oplink shares ceased trading on the NASDAQ Global Market prior to the opening of the market on December 23, 2014.