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.< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />