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Electronics Production | September 22, 2006

Paignton acquire plant from Bookham

Paignton acquires a UK plant from optical components and subsystems supplier Bookham in for $9.5 million.

"With this latest transaction we will have raised approximately $41 million from the recent private placement of common stock and the sale of our Paignton facility," said Dr. Giorgio Anania, president and chief executive of Bookham Inc., in a statement. "We now have a much stronger balance sheet, which we plan to leverage to better address our growing markets."
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