Oplink Communications, Inc. (Nasdaq:OPLK) today announced a series of initiatives to further enhance shareholder value. Those initiatives include the Company’s intent to evaluate strategic alternatives for its Oplink Connected unit, including a possible sale of the business; the authorization of a $40 million increase to its existing share repurchase program; the initiation of a quarterly dividend to shareholders, which will begin with a $0.05 dividend in the first quarter of fiscal 2015; and Oplink’s intent to expand its Board of Directors by up to two members in order to add further industry expertise. Source: Filing
Restructurings
