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MRV To Acquire Fiberxon

MRV Communications Inc. (Nasdaq: MRVC) has agreed to acquire Fiberxon Inc., a Santa Clara, Calif.-based supplier of transceivers for metro, access and PON applications. The cash and stock deal is valued at approximately $131 million. Fiberxon has raised $30 million in VC funding from Apax Partners, Greylock Partners and Jafco.