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Actionable news in AFOP: Alliance Fiber Optic Products, Inc.,

Why Alliance Fiber Optic Products (AFOP) Stock is Climbing Today

NEW YORK (TheStreet) -- Shares of Alliance Fiber Optic Products (AFOP - Get Report) are jumping 19.21% to $18.43 at the start of trading Friday morning, after it was announced that the technology company will be acquired by Corning (GLW) for approximately $305 million.

Under the terms of the deal, Corning will make an all-cash tender offer to acquire all of Alliance Fiber Optic Products' common shares.

AFOP designs and manufactures high-performance passive optical components, which are used by cloud data-center operators and leading datacom and telecom OEMs.

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