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

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II-VI Incorporated Confirms Revised Proposal to Acquire Coherent

March 12, 2021 8:00 AM EST

PITTSBURGH, March 12, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today confirmed that on March 11, 2021 it delivered to Coherent, Inc.s (Nasdaq: COHR) Board of Directors a revised proposal to acquire all of the outstanding shares of Coherent common stock in a cash and stock transaction. Coherents Board of Directors has informed II-VI that it deems II-VIs March 11, 2021 proposal superior to Coherents March 9, 2021 merger agreement with Lumentum Holdings Inc.

Under the terms of the revised II-VI proposal,... More