II-VI to buy Apple supplier Finisar in cash and stock deal valued at $3.2 billion

II-VI to buy Apple supplier Finisar in cash and stock deal valued at $3.2 billion

Laser and optical products maker II-VI Inc. IIVI, +1.34% said on Friday it will buy Finisar Corp. [S: FNSR], a major Apple Inc. [S: AAPL] supplier, for about $3.2 billion. II-VI will pay Finisar shareholders $26 per share in cash and stock, a premium of 37.7% to Finisar’s closing share price Thursday.

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