Alliance Fiber Optic (AFOP) 18.51 $AFOP Corning
Post# of 273258
Posted On: 09/02/2016 7:14:53 AM
Alliance Fiber Optic (AFOP) 18.51 $AFOP
Corning Completes Tender Offer to Acquire Alliance Fiber Optic Products, Inc.
Globe Newswire - Mon Jun 06, 7:30AM CDT
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
Corning Announces Extension of Tender Offer For Shares of AFOP
Globe Newswire - Fri May 13, 3:15PM CDT
CORNING, N.Y., MAY 13, 2016 - Corning Incorporated (NYSE: GLW) announced today that it, along with Apricot Merger Company ("Purchaser"
, a direct, wholly owned subsidiary of Corning, pursuant to the Agreement and Plan of Merger dated April 7, 2016 (the "Merger Agreement", among Corning, Purchaser, and Alliance Fiber Optic Products, Inc. (Nasdaq: AFOP), has exercised its right to extend the offering period of its previously announced tender offer to purchase all of the outstanding shares of common stock of AFOP. The Merger Agreement allows Corning to extend the offering period if the transactions between Corning and Dow Corning Corporation that were previously announced on December 11, 2015 are not yet closed. The tender offer, which was previously scheduled to expire at 12:00 midnight (New York City time) on May 19, 2016, has been extended until 5:00 p.m., New York City time on June 3, 2016, unless further extended.
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
Corning Announces First-Quarter 2016 Financial Performance
Globe Newswire - Tue Apr 26, 5:50AM CDT
Continued Progress on Strategy and Capital Allocation Framework
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Alliance Fiber Optic Products, Inc. Buyout
BusinessWire - Fri Apr 15, 1:34PM CDT
Rigrodsky & Long, P.A.:
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
Alliance Fiber Optic Products, Inc. Acquisition May Not Be in the Best Interests of AFOP Shareholders
PR Newswire - Tue Apr 12, 12:29PM CDT
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Alliance Fiber Optic Products, Inc. ("AFOP" or the "Company" in connection with the proposed acquisition of the Company by Corning Incorporated ("Corning". On April 7, 2016, the Company announced it had reached a definitive agreement for Corning to acquire all outstanding shares of AFOP in a transaction valued at approximately $305 million. Under the terms of the agreement, AFOP shareholders will receive $18.50 in cash for each AFOP share they own.
AFOP: 18.51 (+0.01)
Fitch: Corning's 'BBB+' Ratings Unaffected by Acquisition of Alliance Fiber Optic Products
BusinessWire - Tue Apr 12, 10:16AM CDT
Fitch Ratings believes that the ratings for Corning Incorporated (Corning), including the 'BBB+' Long-Term Issuer Default Rating (IDR), are unaffected by Corning's proposed acquisition of Alliance Fiber Optic Products, Inc. (AFOP). A full list of current ratings for Corning follows at the end of this release.
AFOP: 18.51 (+0.01)
Ryan & Maniskas, LLP Announces Investigation of Alliance Fiber Optic Products Inc.
PR Newswire - Tue Apr 12, 10:13AM CDT
Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Alliance Fiber Optic Products Inc. ("Alliance" or the "Company" (NASDAQ: AFOP) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Corning Incorporated in a transaction valued at approximately $305 million.
AFOP: 18.51 (+0.01)
Robbins Arroyo LLP: Acquisition of Alliance Fiber Optic Products, Inc. (AFOP) by Corning Incorporated May Not Be in Shareholders' Best Interests
BusinessWire - Mon Apr 11, 7:52PM CDT
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Alliance Fiber Optic Products Inc. (NASDAQ: AFOP) by Corning Inc. (NYSE: GLW). On April 7, 2016, the two companies announced they have entered into a definitive merger agreement pursuant to which Corning will acquire Alliance Fiber Optic. Under the terms of the agreement, Alliance Fiber Optic shareholders will receive $18.50 in cash for each share of Alliance Fiber Optic common stock. Robbins Arroyo LLP's investigation focuses on whether the board of directors at Alliance Fiber Optic is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
INVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Alliance Fiber Optic Products, Inc. and Encourages Investors to Contact the Firm for Additional Information
BusinessWire - Mon Apr 11, 1:39PM CDT
The securities litigation law firm of Brower Piven, A Professional Corporation, announces that it has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Alliance Fiber Optic Products, Inc. (Nasdaq: AFOP) ("Alliance" or the "Company" relating to the proposed buyout of the Company by Corning Incorporated.
AFOP: 18.51 (+0.01)
ALLIANCE FIBER OPTIC PRODUCTS, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to Corning Incorporated
BusinessWire - Mon Apr 11, 12:08PM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Alliance Fiber Optic Products, Inc. ("Alliance" (NASDAQ: AFOP) concerning the sale to Corning Incorporated. Under the terms of the agreement, Alliance shareholders will only receive $18.50 for each share owned, which is virtually no premium over the 52-week high and lower than at least one analyst's estimated value of $20.00 per share.
AFOP: 18.51 (+0.01)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Alliance Fiber Optic Products, Inc. - AFOP
PR Newswire - Fri Apr 08, 9:35PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Alliance Fiber Optic Products, Inc. ("Alliance" or "the Company" (Nasdaq- AFOP-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Corning Incorporated. ("Corning".
AFOP: 18.51 (+0.01)
Corning to Boost Cloud Data-Center Market with AFOP Buyout
Zacks Equity Research - Zacks Investment Research - Fri Apr 08, 3:00PM CDT
In a bid to strengthen its foothold in the cloud data-center market, Corning Inc. (GLW) has agreed to take over Alliance Fiber Optic Products Inc. (AFOP) for $18.50 a share or a total amount of $350 million.
ANET: 79.67 (-0.01), AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02), AUDC: 5.65 (+0.20)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation as to Whether the Sale of Alliance Fiber Optic Products Inc. for $18.50 Per Share to Corning Inc. is Fair to Shareholders
ACCESSWIRE - Fri Apr 08, 1:20PM CDT
NEW YORK, NY / ACCESSWIRE / April 8, 2016 / The following statement is being issued by Levi & Korsinsky, LLP:
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
Harwood Feffer LLP Announces Investigation of Alliance Fiber Optic Products, Inc.
PR Newswire - Fri Apr 08, 12:37PM CDT
Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Alliance Fiber Optic Products, Inc. ("AFOP" or the "Company" (NASDAQ: AFOP) concerning the proposed acquisition of the Company by Corning Incorporated ("Corning".
AFOP: 18.51 (+0.01)
Alliance Fiber Optic Products Set to Possibly Pullback After Yesterday's Rally of 19.34%
Comtex SmarTrend(R) - Fri Apr 08, 12:30PM CDT
Alliance Fiber Optic Products (NASDAQ:AFOP) traded in a range yesterday that spanned from a low of $18.41 to a high of $18.47. Yesterday, the shares gained 19.3%, which took the trading range above the 3-day high of $15.85 on volume of 8.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
AFOP: 18.51 (+0.01)
SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Alliance Fiber Optic Products, Inc. and Encourages Investors to Contact the Firm for Additional Information
BusinessWire - Fri Apr 08, 11:27AM CDT
The securities litigation law firm of Brower Piven, A Professional Corporation, announces that it has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Alliance Fiber Optic Products, Inc. (Nasdaq: AFOP) ("Alliance" or the "Company" relating to the proposed buyout of the Company by Corning Incorporated.
AFOP: 18.51 (+0.01)
ALLIANCE FIBER OPTIC PRODUCTS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
BusinessWire - Fri Apr 08, 10:40AM CDT
Rigrodsky & Long, P.A.:
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
New Strong Sell Stocks for April 8th
Zacks Equity Research - Zacks Investment Research - Fri Apr 08, 7:34AM CDT
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List for Friday
ACPW: 0.34 (-0.01), AFOP: 18.51 (+0.01), ACSF: 11.39 (-0.06), ATRS: 1.21 (-0.01), ACRE: 12.54 (-0.03)
ALLIANCE FIBER (AFOP) ALERT: Johnson & Weaver, LLP Launches an Investigation into the Fairness of Price and Process in Proposed Sale of Alliance Fiber Optic Products, Inc.; Are Shareholders Getting a Fair Price?
PR Newswire - Fri Apr 08, 7:05AM CDT
Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Alliance Fiber Optic Products, Inc. (NASDAQ: AFOP) breached their fiduciary duties in connection with the proposed sale of the Company to Corning Incorporated (NYSE: GLW).
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
AFOP Announces Preliminary First Quarter 2016 Revenues
GlobeNewswire - Thu Apr 07, 6:42PM CDT
Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP), an innovative supplier of fiber optic components, subsystems and integrated modules for the optical network equipment market, today announced preliminary first quarter 2016 revenues of approximately $12.4 million, which is lower than previously announce guidance. As announced earlier today, AFOP also confirmed that it has entered into a definitive merger agreement under which Corning Incorporated (NYSE:GLW) will make an all-cash tender offer to acquire all of the outstanding shares of AFOP.
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
Corning Completes Tender Offer to Acquire Alliance Fiber Optic Products, Inc.
Globe Newswire - Mon Jun 06, 7:30AM CDT
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
Corning Announces Extension of Tender Offer For Shares of AFOP
Globe Newswire - Fri May 13, 3:15PM CDT
CORNING, N.Y., MAY 13, 2016 - Corning Incorporated (NYSE: GLW) announced today that it, along with Apricot Merger Company ("Purchaser"
, a direct, wholly owned subsidiary of Corning, pursuant to the Agreement and Plan of Merger dated April 7, 2016 (the "Merger Agreement", among Corning, Purchaser, and Alliance Fiber Optic Products, Inc. (Nasdaq: AFOP), has exercised its right to extend the offering period of its previously announced tender offer to purchase all of the outstanding shares of common stock of AFOP. The Merger Agreement allows Corning to extend the offering period if the transactions between Corning and Dow Corning Corporation that were previously announced on December 11, 2015 are not yet closed. The tender offer, which was previously scheduled to expire at 12:00 midnight (New York City time) on May 19, 2016, has been extended until 5:00 p.m., New York City time on June 3, 2016, unless further extended. AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
Corning Announces First-Quarter 2016 Financial Performance
Globe Newswire - Tue Apr 26, 5:50AM CDT
Continued Progress on Strategy and Capital Allocation Framework
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Alliance Fiber Optic Products, Inc. Buyout
BusinessWire - Fri Apr 15, 1:34PM CDT
Rigrodsky & Long, P.A.:
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
Alliance Fiber Optic Products, Inc. Acquisition May Not Be in the Best Interests of AFOP Shareholders
PR Newswire - Tue Apr 12, 12:29PM CDT
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Alliance Fiber Optic Products, Inc. ("AFOP" or the "Company"
in connection with the proposed acquisition of the Company by Corning Incorporated ("Corning". On April 7, 2016, the Company announced it had reached a definitive agreement for Corning to acquire all outstanding shares of AFOP in a transaction valued at approximately $305 million. Under the terms of the agreement, AFOP shareholders will receive $18.50 in cash for each AFOP share they own. AFOP: 18.51 (+0.01)
Fitch: Corning's 'BBB+' Ratings Unaffected by Acquisition of Alliance Fiber Optic Products
BusinessWire - Tue Apr 12, 10:16AM CDT
Fitch Ratings believes that the ratings for Corning Incorporated (Corning), including the 'BBB+' Long-Term Issuer Default Rating (IDR), are unaffected by Corning's proposed acquisition of Alliance Fiber Optic Products, Inc. (AFOP). A full list of current ratings for Corning follows at the end of this release.
AFOP: 18.51 (+0.01)
Ryan & Maniskas, LLP Announces Investigation of Alliance Fiber Optic Products Inc.
PR Newswire - Tue Apr 12, 10:13AM CDT
Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Alliance Fiber Optic Products Inc. ("Alliance" or the "Company"
(NASDAQ: AFOP) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Corning Incorporated in a transaction valued at approximately $305 million. AFOP: 18.51 (+0.01)
Robbins Arroyo LLP: Acquisition of Alliance Fiber Optic Products, Inc. (AFOP) by Corning Incorporated May Not Be in Shareholders' Best Interests
BusinessWire - Mon Apr 11, 7:52PM CDT
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Alliance Fiber Optic Products Inc. (NASDAQ: AFOP) by Corning Inc. (NYSE: GLW). On April 7, 2016, the two companies announced they have entered into a definitive merger agreement pursuant to which Corning will acquire Alliance Fiber Optic. Under the terms of the agreement, Alliance Fiber Optic shareholders will receive $18.50 in cash for each share of Alliance Fiber Optic common stock. Robbins Arroyo LLP's investigation focuses on whether the board of directors at Alliance Fiber Optic is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
INVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Alliance Fiber Optic Products, Inc. and Encourages Investors to Contact the Firm for Additional Information
BusinessWire - Mon Apr 11, 1:39PM CDT
The securities litigation law firm of Brower Piven, A Professional Corporation, announces that it has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Alliance Fiber Optic Products, Inc. (Nasdaq: AFOP) ("Alliance" or the "Company"
relating to the proposed buyout of the Company by Corning Incorporated. AFOP: 18.51 (+0.01)
ALLIANCE FIBER OPTIC PRODUCTS, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to Corning Incorporated
BusinessWire - Mon Apr 11, 12:08PM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Alliance Fiber Optic Products, Inc. ("Alliance"
(NASDAQ: AFOP) concerning the sale to Corning Incorporated. Under the terms of the agreement, Alliance shareholders will only receive $18.50 for each share owned, which is virtually no premium over the 52-week high and lower than at least one analyst's estimated value of $20.00 per share. AFOP: 18.51 (+0.01)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Alliance Fiber Optic Products, Inc. - AFOP
PR Newswire - Fri Apr 08, 9:35PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Alliance Fiber Optic Products, Inc. ("Alliance" or "the Company"
(Nasdaq- AFOP-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Corning Incorporated. ("Corning". AFOP: 18.51 (+0.01)
Corning to Boost Cloud Data-Center Market with AFOP Buyout
Zacks Equity Research - Zacks Investment Research - Fri Apr 08, 3:00PM CDT
In a bid to strengthen its foothold in the cloud data-center market, Corning Inc. (GLW) has agreed to take over Alliance Fiber Optic Products Inc. (AFOP) for $18.50 a share or a total amount of $350 million.
ANET: 79.67 (-0.01), AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02), AUDC: 5.65 (+0.20)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation as to Whether the Sale of Alliance Fiber Optic Products Inc. for $18.50 Per Share to Corning Inc. is Fair to Shareholders
ACCESSWIRE - Fri Apr 08, 1:20PM CDT
NEW YORK, NY / ACCESSWIRE / April 8, 2016 / The following statement is being issued by Levi & Korsinsky, LLP:
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
Harwood Feffer LLP Announces Investigation of Alliance Fiber Optic Products, Inc.
PR Newswire - Fri Apr 08, 12:37PM CDT
Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Alliance Fiber Optic Products, Inc. ("AFOP" or the "Company"
(NASDAQ: AFOP) concerning the proposed acquisition of the Company by Corning Incorporated ("Corning". AFOP: 18.51 (+0.01)
Alliance Fiber Optic Products Set to Possibly Pullback After Yesterday's Rally of 19.34%
Comtex SmarTrend(R) - Fri Apr 08, 12:30PM CDT
Alliance Fiber Optic Products (NASDAQ:AFOP) traded in a range yesterday that spanned from a low of $18.41 to a high of $18.47. Yesterday, the shares gained 19.3%, which took the trading range above the 3-day high of $15.85 on volume of 8.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
AFOP: 18.51 (+0.01)
SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Alliance Fiber Optic Products, Inc. and Encourages Investors to Contact the Firm for Additional Information
BusinessWire - Fri Apr 08, 11:27AM CDT
The securities litigation law firm of Brower Piven, A Professional Corporation, announces that it has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Alliance Fiber Optic Products, Inc. (Nasdaq: AFOP) ("Alliance" or the "Company"
relating to the proposed buyout of the Company by Corning Incorporated. AFOP: 18.51 (+0.01)
ALLIANCE FIBER OPTIC PRODUCTS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
BusinessWire - Fri Apr 08, 10:40AM CDT
Rigrodsky & Long, P.A.:
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
New Strong Sell Stocks for April 8th
Zacks Equity Research - Zacks Investment Research - Fri Apr 08, 7:34AM CDT
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List for Friday
ACPW: 0.34 (-0.01), AFOP: 18.51 (+0.01), ACSF: 11.39 (-0.06), ATRS: 1.21 (-0.01), ACRE: 12.54 (-0.03)
ALLIANCE FIBER (AFOP) ALERT: Johnson & Weaver, LLP Launches an Investigation into the Fairness of Price and Process in Proposed Sale of Alliance Fiber Optic Products, Inc.; Are Shareholders Getting a Fair Price?
PR Newswire - Fri Apr 08, 7:05AM CDT
Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Alliance Fiber Optic Products, Inc. (NASDAQ: AFOP) breached their fiduciary duties in connection with the proposed sale of the Company to Corning Incorporated (NYSE: GLW).
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
AFOP Announces Preliminary First Quarter 2016 Revenues
GlobeNewswire - Thu Apr 07, 6:42PM CDT
Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP), an innovative supplier of fiber optic components, subsystems and integrated modules for the optical network equipment market, today announced preliminary first quarter 2016 revenues of approximately $12.4 million, which is lower than previously announce guidance. As announced earlier today, AFOP also confirmed that it has entered into a definitive merger agreement under which Corning Incorporated (NYSE:GLW) will make an all-cash tender offer to acquire all of the outstanding shares of AFOP.
AFOP: 18.51 (+0.01), GLW: 22.71 (+0.02)
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