Of the shares offered, approximately 63 percent were tendered under a mix of cash and shares alternative, and approximately 37 percent were tendered under a cash alternative. This will result in the final consideration consisting of approximately 7.9 million shares of Infinera common stock and the remainder in cash.

The combination of Infinera and Transmode brings together a complementary set of customers, products, and technologies under one umbrella. Transmode's strength in metropolitan optical packet applications complements Infinera's leading long-haul and metropolitan industrial cloud solutions. This combination enables Infinera to offer a comprehensive portfolio of products to address the metropolitan aggregation market, including metropolitan core, metropolitan edge, and metropolitan access, with solutions optimized for rapidly growing applications such as mobile fronthaul and backhaul, broadband aggregation, and Metro Ethernet Forum (MEF) certified business Ethernet services.

"The combination of Infinera and Transmode makes sense from both a market and cultural perspective, and I'm excited to see how teams will be built around each other's strengths," said Andrew Schmitt, Research Director for Carrier Transport Networks at IHS Research. "This acquisition positions Infinera to capitalize on the growing metropolitan market as it begins its transition to 100G."

“The acquisition of Transmode marks a significant milestone for both companies,” said Tom Fallon, CEO of Infinera. “By bringing together two highly successful teams, we can offer a comprehensive portfolio to fully address the metropolitan and long-haul optical transport markets. The agreement accelerates our entry into the emerging 100G metropolitan market, building on our leading position in long-haul and metropolitan cloud. I believe our shared philosophies of profitable growth and customer preference enable Infinera and Transmode to be a powerful combination for years to come.”.

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