II-VI, Inc. (IIVI) Revises Proposal to Acquire Coherent (COHR)

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II-VI Incorporated Revises Proposal to Acquire Coherent

March 8, 2021 7:00 AM EST

PITTSBURGH, March 08, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, delivered to Coherent Inc.s (Nasdaq: COHR) Board of Directors on March 5, 2021 a revised proposal to acquire all outstanding shares of Coherent in a cash and stock transaction. Under the terms of the revised proposal, Coherents shareholders would receive $170.00 in cash and 1.0981 II-VI common shares for each Coherent share, which implies a total enterprise value of $6.5 billion and total per share consideration of $260.00 based on the 10-day volume... More

Lumentum Comments on Notification from Coherent of a Company Superior Proposal

March 8, 2021 6:47 AM EST

SAN JOSE, Calif., March 8, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that it has received notice from Coherent, Inc. (NASDAQ: COHR) ("Coherent") of its Board of Directors' determination that an unsolicited acquisition proposal from IIVI Incorporated (NASDAQ: IIVI) ("II-VI") to acquire Coherent in a cash and stock transaction constitutes a "Company Superior Proposal" as defined in the previously announced definitive merger agreement with Lumentum entered into on January 18, 2021 and Coherent's intention to terminate such merger agreement.

Lumentum has notified Coherent... More

Coherent Board Determines Revised II-VI Proposal Is Superior To Lumentum Merger Agreement

March 8, 2021 5:00 AM EST

SANTA CLARA, Calif., March 8, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) ("Coherent") today announced that the company's board of directors, in consultation with its financial and legal advisors, has unanimously determined that a revised acquisition proposal Coherent received from II-VI Incorporated (NASDAQ: IIVI) ("II-VI") constitutes a "Company Superior Proposal" under Coherent's pending merger agreement with Lumentum Holdings Inc. (NASDAQ: LITE) ("Lumentum"). Under the terms of II-VI's revised proposal, each share of Coherent common stock would be exchanged for $170.00 in... More