Business

Koch completes purchase of Oplink

Eagle staff

Koch Industries has completed its purchase of Oplink Communications.

Koch’s wholly owned subsidiary Koch Optics, Inc. bought all issued and outstanding shares of common stock of Oplink at a price of $24.25 per share, according to a news release from Koch. The merger was effective Tuesday, according to the release.

Oplink shares ceased trading on the Nasdaq market prior to the opening of the market Tuesday morning.

With its headquarters in Fremont, Calif., Oplink is a supplier of communication components, intelligent modules and subsystems. It serves such industries as telecommunications, data communications and cable TV equipment makers.

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