withdrawn prior to any then scheduled expiration timethe number of shares of Company Common Stock that, together with the shares beneficially owned by Parent or Merger Sub (if any), represents at least a majority of the Company Common Stock then outstanding (determined on a fully diluted basis (which assumes conversion or exercise of all options and other convertible or derivative securities regardless of the conversion or exercise price, the vesting schedule or other terms and conditions thereof), and excluding shares of Company Common Stock tendered to guaranteed delivery procedures that have not yet been “received,” as such term is defined in Section251(h)of the DGCL, by the depositary for the Offer to such procedures. The consummation of the Offer is also conditioned on (1)the existence of no law, regulation, judgment, or ruling in effect enjoining, restraining, preventing or prohibiting consummation of the Offer or Merger or making the consummation of the Offer or Merger illegal; (2)the accuracy of the representations and warranties and compliance with the covenants contained in the Merger Agreement, subject to qualifications; (3)the absence of any material adverse change in the Company’s business, (4)the Company’s Board of Directors (the “Board”) not having withdrawn or adversely changed its recommendation that the Company’s stockholders accept the Offer and (5)other customary conditions.

The Company has made customary representations and warranties in the Merger Agreement and has agreed to customary covenants regarding the operation of the business of the Company and its subsidiaries after the date of the Merger Agreement and prior to the closing of the Merger. The Company is also subject to customary restrictions on its ability to solicit acquisition proposals from third parties and to provide information to, and enter into discussions or negotiations with, third parties regarding the acquisition of the Company. However, the solicitation restrictions are subject to a customary “fiduciary out” provision that allows the Company, under certain circumstances, to provide information to, and enter into discussions or negotiations with, third parties with respect to the acquisition of the Company if the Board determines in good faith, after consultation with outside legal counsel, that the failure to take such action would be inconsistent with its fiduciary duties to the stockholders of the Company under applicable law.

The foregoing description of the Merger Agreement is qualified in its entirety by reference to the full text of the Merger Agreement, a copy of which is filed as Exhibit2.1, and is incorporated into this report by this reference.

The Merger Agreement contains representations and warranties by each of Parent, Merger Sub and the Company. These representations and warranties were made solely for the benefit of the parties to the Merger Agreement and:

· may apply contractual standards of “materiality” that are different from “materiality” under applicable securities laws; and

· were made only as of the date of the Merger Agreement or such other date or dates as may be specified in the Merger Agreement.

Guaranty

In connection with the Offer and Merger, and concurrently with entering into the Merger Agreement, ADVA Optical Networking SE, the German parent company of Parent, is guarantying for the benefit of the Company the payment obligations of Parent and Merger Sub under the Merger Agreement.

Support Agreements

In connection with the Offer and Merger, and concurrently with entering into the Merger Agreement, Parent and Merger Sub entered into Tender and Support Agreements, dated as of July2, 2017 (the “Support Agreements”), with Raging Capital Management, LLC (“RCM”), Kenneth H. Traub, Robert M. Pons, Mark J. Bonney, Brian Bellinger, Jeannie H. Diefenderfer, Jeffrey Tuder, Stephen G. Krulik, and Adam L.A. Scheer (each, a “Supporting Stockholder”). The Support Agreements obligate the Supporting Stockholders to tender their shares of Company Common Stock into the Offer and otherwise support the transactions contemplated by the Merger Agreement. RCM beneficially owned, as of July2, 2017, 2,136,864 shares of Common Stock, which represent approximately 31.37% of the outstanding shares of Company Common Stock. Messrs.Traub, Pons, Bonney, Bellinger, Tuder, Krulik, Scheer and Mrs.Diefenderfer beneficially owned, as of July2, 2017, an aggregate of 386,258 shares of Common Stock (including shares deemed to be beneficially owned in accordance with Rule13d-3(d)(1)(i)under the Securities Exchange Act of 1934, as amended), which represent approximately 5.67% of the shares of Common Stock that are issued and outstanding and all additional shares of the Common Stock that are deemed outstanding for purposes of calculating each such Supporting Stockholders’ percentage ownership as of July2, 2017, in accordance with Rule13d-3(d)(1)(i)).

Rights Plan Amendment

In connection with the Offer and the Merger, the Company has entered into an amendment (the “Amendment”) to the Rights Agreement. The Amendment provides that the Rights Agreement will not apply to the Offer, the Merger or any of the other transactions contemplated by the Merger Agreement or the Support Agreements.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits.

*Schedules have been omitted to Item 601(b)(2)of Regulation S-K. MRV Communications,Inc. agrees to furnish supplementally to the Securities and Exchange Commission a copy of any omitted schedule upon request.

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July3, 2017

EXHIBITINDEX

*Schedules have been omitted
MRV COMMUNICATIONS INC Exhibit
EX-2.1 2 a17-16049_1ex2d1.htm EX-2.1 Exhibit 2.1       AGREEMENT AND PLAN OF MERGER   Dated as of July 2,…
To view the full exhibit click here

About MRV COMMUNICATIONS,INC. (NASDAQ:MRVC)

MRV Communications, Inc. (MRV) is a supplier of communications solutions to telecommunications service providers, enterprises and governments throughout the world. The Company’s products enable customers to provide high-bandwidth data, and video services and mobile communications services. The Company operates through Network Equipment segment. Its Network Equipment segment designs, manufactures, sells and services equipment used by commercial customers, governments and telecommunications service providers. Its products include switches, optical transport platforms, physical layer products and out-of-band management products, and specialized networking products. MRV markets and sells its products, through a range of channels, which include a direct sales force, manufacturers’ representatives, value-added-resellers, distributors and systems integrators. The Network Equipment business includes two business units: Optical Communications Systems division and Appointech, Inc.