Deal to Acquire Chinese Fiber Optic Company Falls Through

A Chatsworth optical components company terminated a planned acquisition of a Chinese fiber optic transceiver manufacturer, the company announced Wednesday. The deal between Luminent, Inc. and HG Genuine Opto was nixed based on current market valuations of comparable companies and further due diligence. Luminent, Inc., is a subsidiary of MRV Communications, Inc., a publicly traded provider of network equipment and services and optical components. HG Genuine Opto is a subsidiary of Huagong Tech Company, Limited. The parties have expressed the hope to find mutually agreeable terms in the future in which the synergies between HG Genuine and Luminent can be realized. Luminent has production facilities in Chatsworth and Taiwan.