Coherent Inc.

NASDAQ:COHR   3:59:43 PM EDT
254.81
-4.99 (-1.92%)
Mergers / Acquisitions

Coherent Board Determines New II-VI Proposal Superior To Amended Lumentum Deal

Published: 03/12/2021 10:07 GMT
Coherent Inc. (COHR) - Coherent Board Determines New Ii-vi Proposal is Superior to Amended Lumentum Merger Agreement.
Coherent - Under Terms of Ii-vi's Revised Proposal, Each Share of Co's Common Stock to Be Exchanged for $195 in Cash, 1.0 Share of Ii-vi Common Stock.
Coherent - Notified Lumentum It Intends to Terminate Amended Merger Pact Unless Co Gets Revised Proposal From Lumentum by 11:59 Pm Pt on March 17.