Velocity One Acquires Emcore in a $57.55 Million Cash Deal

Velocity One entered a merger agreement on November 8, 2024, to acquire EMCORE Corporation (EMKR) in an all-cash deal valued at about $57.55 million.

Deal Structure:

As per the agreement, EMCORE will become a wholly-owned subsidiary of Velocity One for a purchase price of $3.10 per share in cash, representing a 30.80% premium from the stock’s last close.

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