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

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Lumentum Holdings (LITE) Comments on Notification from Coherent COHR) of Company Superior Proposal

March 8, 2021 6:50 AM EST

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... More

Coherent, Inc. (COHR) Determines Revised II-VI (IIVI) Proposal Is Superior To Lumentum (LITE) Merger Agreement

March 8, 2021 6:12 AM EST

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 cash and... More