Status:  Unknown; Deal Terminated

Acquirer: Yuhan Optoelectronic Technology (Shanghai) Co., Ltd. (China)

Acquired: Manufacturing facilities located in the People’s Republic of China and certain assets related to the transceiver business and multi-channel optical sub-assembly products of Applied Optoelectronics, Inc. (United States)

Value: $150 million

Industry Tags: Telecommunications; Electronics Design & Manufacturing

UPDATE:  Under the terms of the September 2022 sale and purchase agreement, the parties were required to “promptly” file a notice with CFIUS.  (Agreement, Section 4.6, Applied Optoelectronics, Inc. Form 8-K, Ex-2.1, Sept. 15, 2022, SEC Filing).  The agreement further provided for a “Long Stop Date . . . nine (9) months after the CFIUS Notice has been filed” unless otherwise changed by the seller.  (Id., Section 1.1.)  The transaction remained subject to receipt of CFIUS Approval as of Applied Optoelectronics’ August 2023 quarterly filing with the SEC. (See Applied Optoelectronics, Inc., Form 10-Q, Aug. 3, 2023, SEC Filing.) On September 12, 2023, Applied Optoelectronics, Inc. terminated the Purchase Agreement. (Applied Optoelectronics, Inc., Form 8-K, Sept. 12, 2023, SEC Filing.)

Posted on October 5, 2022

Status: Upcoming/New Filing

On September 15, 2022, Applied Optoelectronics, Inc., a publicly traded (NASDAQ: AAOI) “leading provider of fiber-optic access network products for the internet datacenter, cable television (CATV) broadband, telecom, and fiber-to-the-home (FTTH) markets,” announced that it had “entered into a definitive agreement . . . with Yuhan Optoelectronic Technology (Shanghai) Co., Ltd. . . .for the sale of its manufacturing facilities located in the People’s Republic of China and certain assets related to its transceiver business and multi-channel optical sub-assembly products for the internet datacenter, telecom, and FTTH markets for a purchase price of $150 million, less a holdback amount.” (Press Release, Applied Optoelectronics Inc., Form 8-K, Ex-99.1, Sept. 15, 2022, SEC Filing.) AOI will “retain its manufacturing facilities in Taiwan and Sugar Land, Texas, as well as assets related to its cable television (“CATV”) business and to its manufacturing of lasers and laser components for the internet datacenter, FTTH, telecom and CATV markets.”  (Applied Optoelectronics Inc. Form 8-K, Sept. 15, 2022, SEC Filing.)  Under the terms of the agreement, “CFIUS Approval” is a condition to closing. (Agreement, Section 4.1, Applied Optoelectronics, Inc. Form 8-K, Ex-2.1, Sept. 15, 2022, SEC Filing). The transaction is anticipated to be completed in 2023. (Press Release, Applied Optoelectronics Inc., Form 8-K, Ex-99.1, Sept. 15, 2022, SEC Filing.). 

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