Koch starts tender offer for Oplink transaction

This photo taken Sept. 26, 2012 shows Charles and Liz Koch at Koch Headquarters in Wichita, Kansas.(AP Photo/The Wichita Eagle, Bo Rader)

WICHITA, Kan. (AP) — A subsidiary of Koch Industries Inc. has started its tender offer tied to its approximately $445 million acquisition of optical network device company Oplink Communications Inc.

The deal between Koch Optics Inc. and Oplink was announced last week. At that time it was said that Koch Optics would start a tender offer for all of Oplink’s outstanding stock for $24.25 per share.

Both companies’ boards approved the transaction.

Oplink will be managed by electronic components company Molex, which is a Koch Industries subsidiary.

The tender offer is set to expire on Dec. 22, unless extended.

Koch Industries, based in Wichita, Kansas, owns companies in various industries such as chemicals, refining, forest and consumer products, fertilizers, electronic components, minerals and energy.

Oplink is based in Fremont, California.

 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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