MRV Communications Files for Subsidiary IPO

Chatsworth-based MRV Communications Inc., a fiber-optics components maker, filed a registration statement with the Securities and Exchange Commission for a $108-million initial public offering of its wholly owned unit Optical Access Inc. MRV didn’t say how many shares will be offered or what it will sell them for, but said proceeds of the offering will be used for general corporate purposes. Optical Access makes optical wireless equipment that connects fiber-optic pipelines to users via light beams. Separately, MRV set the terms of an IPO of its Luminent Inc. fiber-optic components division. MRV is planning to sell 12 million Luminent shares at a price between $13 and $15 a share. MRV shares fell 6 cents to close at $49.19 on Nasdaq.