MRV, Luminent Finalize Merger

CHATSWORTH, Calif. -- MRV Communications, Inc. (Nasdaq: MRVC - news) today reported that the previously announced short-form merger of Luminent, Inc. with a wholly-owned subsidiary of MRV Communications, Inc. became effective on December 28, 2001. As a result, each outstanding share of Luminent common stock, $0.001 par value per share was converted in the merger. Former Luminent stockholders whose shares were converted are entitled to receive 0.43 of share of MRV common stock, $0.0017 par value, for each share of Luminent common stock owned at the time of the merger (except for shares held by Luminent stockholders who perfect their statutory appraisal rights under Delaware law). As a result of the merger, shares of Luminent ceased to be publicly traded on the Nasdaq Stock Market as of the close of business on December 28, 2001. MRV has renamed the corporation surviving the merger as Luminent, Inc., which is wholly-owned by MRV Communications. MRV Communications Inc. Luminent Inc.