MKM Partners Reiterates Buy Rating on Lumentum (LITE)

COHERENT ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of COHR and Encourages Investors to Contact the Firm

January 19, 2021 11:51 AM EST

NEW YORK, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Coherent, Inc. (NASDAQ: COHR) breached their fiduciary duties or violated the federal securities laws in connection with the companys acquisition by Lumentum Holdings Inc. (NASDAQ: LITE).

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Lumentum Provides Preliminary Fiscal Second Quarter 2021 Financial Results

January 19, 2021 6:31 AM EST

SAN JOSE, Calif., Jan. 19, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported preliminary results for its fiscal second quarter of 2021 ended December 26, 2020.

Preliminary Results for the Fiscal Second Quarter 2021

Net revenue of approximately $478.8 millionGAAP operating margin in the range of 22.6% to 24.1%GAAP diluted net income per share in the range of $0.98 to $1.06Non-GAAP operating margin in the range of 34.0% to 35.5%Non-GAAP diluted net income per share in the range of $1.91 to $1.99

These preliminary unaudited financial results are based on preliminary unaudited... More

Lumentum And Coherent To Combine, Uniting Global Industry Leaders To Accelerate The Future Of Photonics

January 19, 2021 6:30 AM EST

SAN JOSE, Calif. and SANTA CLARA, Calif., Jan. 19, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") and Coherent, Inc. ("Coherent") today announced that they have entered into a definitive agreement under which Lumentum will acquire Coherent in a cash and stock transaction valued at $5.7 billion. Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of both companies, Coherent stockholders will receive $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. At closing, Coherent stockholders are expected to own approximately 27% percent of the combined company.

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Lumentum And Coherent To Combine, Uniting Global Industry Leaders To Accelerate The Future Of Photonics

January 19, 2021 6:30 AM EST

SAN JOSE, Calif., and SANTA CLARA, Calif., Jan. 19, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") and Coherent, Inc. ("Coherent") today announced that they have entered into a definitive agreement under which Lumentum will acquire Coherent in a cash and stock transaction valued at $5.7 billion. Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of both companies, Coherent stockholders will receive $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. At closing, Coherent stockholders are expected to own approximately 27% percent of the combined company.... More