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Corning buying optical component maker Alliance Fiber for $305M (updated)

Corning (NYSE:GLW) is acquiring Alliance Fiber Optic Products (NASDAQ:AFOP), a provider of high-speed passive optical components used in telecom and data center applications, for $305M ($18.50/share) in cash. The price represents a 20% premium to AFOP's Thursday close, but is 17% below its 52-week high of...


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