Coherent, Inc. (COHR) Confirms Receipt of New Acquisition Proposal from Lumentum (LITE)
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Coherent Confirms Receipt of New Acquisition Proposal from Lumentum
March 23, 2021 5:00 AM EDTSANTA CLARA, Calif., March 23, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) today announced that it has received a new acquisition proposal from Lumentum Holdings Inc. (NASDAQ: LITE). Under the terms of Lumentum's new proposal, each share of Coherent common stock would be exchanged for $230.00 in cash and 0.6724 of a share of Lumentum common stock at the completion of the transaction. The transaction would be subject to approval by Coherent's and Lumentum's stockholders, receipt of regulatory approvals in China and South Korea and other customary closing... More
