A II-VI employee handles an optical coatings component. The company's stock price fell as it announced an acquisition, but neither a financial expert nor the company see the decline as an issue to be concerned about.

CLINTON TWP — While II-VI stock took a bit of a nosedive when the company announced late last week that it had acquired Finisar Corp., neither a local wealth management expert nor II-VI officials are worried about it.

On Friday, the company's price per share dropped from $46.88 to $38.52, according to the Nasdaq Stock Market.

Wendy Bennett of Bennett Associates Wealth Management in Butler said although II-VI saw a dip in its stock price, Finisar saw a nice increase.

Finisar's stock price rose from $17.54 to $22.70 on Nov. 9, according to Nasdaq.

“I don't think the dip in price on II-VI is something long-term,” Bennett said. “It's not unusual (in an acquisition.)”

She said by acquiring Finisar, II-VI, which is headquartered in the township and has various facilities worldwide, will gain a more competitive edge in the market the two companies now share.

She said both companies are involved in facial-recognition technologies and various technologies for self-driving vehicles.

“So whenever they team up with this company, they are no longer competitors and can gain more market share as a combined company,” Bennett said.

She projected that the stronger, combined company will produce higher profits.

“They have a three-year plan that will fully take effect with the merger,” Bennett said.

She cannot find anything in her research of the acquisition that would lead to concerns for the combined company.

“We have always worked very closely with II-VI's investors and it's been fun watching them grow,” Bennett said.

Mark Lourie, director of corporate communications at II-VI headquarters, said a temporary dip in stock prices occurred in 2013, when II-VI acquired a large product line.

He said analysts said II-VI paid too much and that the line's profit margin was not as large as that of II-VI.

“Fast forward to today, and the acquisition in 2013 was a very smart move and very transformational for our business,” Lourie said, “and I think this one will prove to be as well.”

Lourie said the process to combine the companies will take six to nine months and should be finalized by mid-2019.

He could not say whether the acquisition of Finisar will mean any employment or management changes.

“It's too early to tell right now,” Lourie said. “At this time, there's nothing that we've planned.”

Regarding the company's familiar, Roman-numeral name. Lourie said no final decision has been made regarding any prospective name change.

“We are an old business and haven't changed our name since the early 1970s, so I don't foresee that we will,” he said.

“II-VI” refers to group II and group VI of the Periodic Table of Elements, according to the company's website.