Coherent Inc.

NASDAQ:COHR   3:59:37 PM EDT
259.64
+3.23 (+1.26%)
Mergers / Acquisitions

Lumentum Comments On Notification From Coherent Of Superior Proposal

Published: 03/12/2021 10:12 GMT
Coherent Inc. (COHR) - Lumentum Comments on Notification From Coherent of a Company Superior Proposal.
Board of Directors Continues to Recommend Transaction With Coherent to Its Stockholders.
Lumentum - Has Until 11:59 Pm Pacific Time on Wednesday, March 17 to Amend Its Transaction Agreement Or Waive Matching Rights.
Does Not Expect to Make Further Comments on Matter Until That Time.
Under Merger Agreement, Coherent Would Pay $217.6 Million Termination Fee to Co.