Ii-Vi Inc.

NASDAQ:IIVI   3:59:59 PM EDT
58.64
-0.51 (-0.86%)
Mergers / Acquisitions

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

Published: 03/12/2021 10:07 GMT
Ii-Vi Inc. (IIVI) - 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.