Sr. Correspondent, Broker Research, Bangalore, India
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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.

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    • About Saqib

      "Saqib Ahmed is an options correspondent working with the Markets team in New York. He previously led the Reuters Broker Research team in Bangalore. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
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