Oaktree Agrees to Extend Lock-Up of Infinera Shares
Mar 04, 2019 - Targeted News Service
Mergers and Acquisitions
Infinera, a provider of intelligent transport networks, issued the following news release:
Infinera (NASDAQ: INFN) today announced that funds managed by Oaktree Capital Management, L.P. ("Oaktree") have agreed to extend the expiration of the lock-up of approximately 10.5 million shares of Infinera common stock received in consideration for the Coriant acquisition by twelve months until April 1, 2020.
"The acquisition has put Infinera in a strong market position with greater scale, an...
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