Tag: Coherent

Coherent, Inc. (NASDAQ: COHR) today announced that the company’s board of directors, in consultation with its financial and legal advisors, has determined that a revised acquisition proposal Coherent received from II-VI Incorporated (NASDAQ: IIVI) on March 11, 2021 constitutes a “Company Superior Proposal” under the terms of Coherent’s pending revised merger agreement with Lumentum Holdings Inc. (NASDAQ: LITE) dated March 10, 2021. Under the terms of II-VI’s revised proposal, each share of Coherent common stock would be exchanged for $195.00 in cash and 1.0 share of II-VI common stock at the completion of the transaction. ​ Coherent has notifed Lumentum ... Read more