Shares of Oclaro, Inc. (NASDAQ:OCLR) ended Thursday session in green amid volatile trading. The shares closed up +0.24 points or 2.79% at $8.84 with 4.65 million shares getting traded. Post opening the session at $8.55, the shares hit an intraday low of $8.55 and an intraday high of $8.95 and the price vacillated in this range throughout the day. The company has a market cap of $1.28 billion and the numbers of outstanding shares have been calculated to be 112.21 million shares.
Oclaro, Inc. (OCLR) on Aug. 29, 2016 announced it has appointed Denise Haylor to its Board of Directors (the “Board”) and as Chair of the Board’s Compensation Committee, effective August 26, 2016.
“We are very excited to have Denise join our Board during this important phase of our development and growth,” said Marissa Peterson, Chair of the Board. “Denise brings with her a wealth of global human resources experience with leading technology companies and we look forward to her contributions to our success in the years ahead.”
Ms. Haylor, 52, is a seasoned global executive possessing over 25 years of professional experience, with competencies in executive compensation, talent acquisition and development and human resources. She currently serves as the Chief Human Resources Officer and a member of the Executive Committee of Royal Philips, based in The Netherlands.
Some of her previous professional positions include:
- Chief Human Resources Officer of Flextronics
- Corporate Vice President and Deputy Head of Human Resources of Motorola Mobility
“I am honored to join Oclaro’s Board and look forward to partnering with the management team as we continue to focus on building value for Oclaro’s stockholders, customers, partners and employees around the globe,” said Denise Haylor, Oclaro’s new director.
Ms. Haylor replaces Ms. Lori Holland, whose resignation from the Board became effective on August 26, 2016. In connection with Ms. Haylor’s appointment as Chair of the Board’s Compensation Committee, Mr. Kendall Cowan was appointed as Chair of the Board’s Audit Committee.
Shares of ON Semiconductor Corp (NASDAQ:ON) ended Thursday session in green amid volatile trading. The shares closed up +0.39 points or 3.75% at $10.78 with 4.61 million shares getting traded. Post opening the session at $10.38, the shares hit an intraday low of $10.38 and an intraday high of $10.80 and the price vacillated in this range throughout the day. The company has a market cap of $4.39 billion and the numbers of outstanding shares have been calculated to be 415.55 million shares.
ON Semiconductor Corp (ON) on September 2, 2016 announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Fairchild Semiconductor International Inc. (Nasdaq: FCS) (“Fairchild”) for $20.00 per share in cash (the “Offer”) pending the satisfaction of the conditions to the Offer set forth in the merger agreement entered into on November 18, 2015, between ON Semiconductor and Fairchild. The Offer will now expire one minute following 11:59 p.m., New York City time, on September 16, 2016, unless further extended as required or permitted by the merger agreement. All other terms and conditions of the Offer remain unchanged. Computershare Trust Company, N.A., the depositary for the Offer, has advised ON Semiconductor that as of the close of business, New York City time on September 1, 2016, approximately 84,947,259 shares of common stock of Fairchild (not including 8,262,772 shares tendered by notice of guaranteed delivery for which shares have not yet been delivered) have been validly tendered and not properly withdrawn pursuant to the Offer, representing approximately 74.0% of the outstanding shares of common stock of Fairchild.