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

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Coherent, Inc. (COHR) to Resume Trading at 9:50 a.m.

February 8, 2021 9:28 AM EST

Coherent, Inc. (NASDAQ: COHR) to Resume Trading at 9:50 a.m.

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Coherent, Inc. (COHR) Confirms Receipt Of Unsolicited Proposal From MKS Instruments (MKSI), Says Could Lead to Superior Proposal

February 8, 2021 9:06 AM EST

Coherent, Inc. (NASDAQ: COHR) today announced that it has received an unsolicited acquisition proposal from MKS Instruments, Inc. (NASDAQ: MKSI) 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.

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