Harwood Feffer LLP Announces Investigation of Opnext, Inc.

NEW YORK, March 27, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Opnext, Inc. ("Opnext" or the "Company") (NASDAQ: OPXT) concerning the proposed acquisition of the Company by Oclaro, Inc. ("Oclaro") in a transaction valued at approximately $177 million. 

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On March 27, 2012, it was announced that Opnext and Oclaro have entered into a definitive agreement pursuant to which Oclaro will acquire Opnext.  Under the agreement, Opnext shareholders will receive $1.96 in cash per share held. 

Our investigation concerns whether the board of directors is fulfilling its fiduciary duties, maximizing the value of Opnext, disclosing all material benefits and costs and obtaining full and fair consideration for Opnext shareholders. 

If you own Opnext shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin Sachs-Michaels
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email:  bsachsmichaels@hfesq.com
Website:  http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP