AGGREGATED External reporting by Bloomberg. This page summarizes the publisher's feed entry; the full article is on www.bloomberg.com.
Lumentum Goes From $1 Billion Spinoff to $115 Billion Takeover
In 2015, executives at the Silicon Valley hardware firm known then as JDSU spun off a division making optical components and commercial lasers, believing the unit would be better off chasing growth opportunities on its own.