Lumentum Holdings (LITE) Comments on Proposal by MKS Instruments (MKSI) to Acquire Coherent (COHR), Believes its Transaction is Superior

Go back to Lumentum Holdings (LITE) Comments on Proposal by MKS Instruments (MKSI) to Acquire Coherent (COHR), Believes its Transaction is Superior

Lumentum Comments on Proposal by MKS Instruments to Acquire Coherent

February 8, 2021 9:16 AM EST

SAN JOSE, Calif., Feb. 8, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today issued the following statement regarding its definitive agreement to acquire Coherent.

"The combination of Lumentum and Coherent will create a leading photonics technology company and will deliver compelling strategic and financial benefits to both companies' stakeholders," said Alan Lowe, Lumentum President and CEO. "We believe our transaction is superior. In contrast to the proposal by MKS Instruments, the Lumentum-Coherent transaction has a clear path to regulatory approval and completion, and Lumentum remains committed to closing the transaction in the second half of the... More

Coherent Confirms Receipt Of Unsolicited Proposal From MKS Instruments

February 8, 2021 9:05 AM EST

SANTA CLARA, Calif., Feb. 8, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) ("Coherent") today announced that it has received an unsolicited acquisition proposal from MKS Instruments, Inc. (NASDAQ: MKSI) ("MKS") to acquire Coherent in a cash and stock transaction. Under the terms of MKS' proposal, each share of Coherent common stock would be exchanged for $115.00 in cash and 0.7473 of a share of MKS common stock at the completion of the transaction, subject to customary closing conditions including receipt of U.S. and foreign antitrust approvals and stockholder approvals. 

... More