Sr. Correspondent, Broker Research, Bangalore, India
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Nov 20, 2014
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Nov 19, 2014
Nov 19, 2014

Oplink options unusually active days before Koch deal

NEW YORK, Nov 19 (Reuters) – Optical networking device maker
Oplink Communications Inc attracted well-timed bets in
the options market days before the company said it was being
acquired by a Koch Industries unit for $445 million in cash.

Oplink’s shares were up about 14 percent at $24.18 on
Wednesday after it said that Koch Optics Inc would buy it for
$24.25 per share.

Nov 19, 2014
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    • About Saqib

      "Saqib is Senior correspondent, Broker Research and leads a team of five reporters covering equities research. He previously worked as a producer on the Reuters Global Online desk. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
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