Powered by

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...