Ii-Vi Inc.

NASDAQ:IIVI   10:32:06 AM EDT
59.47
+0.79 (+1.35%)
Mergers / Acquisitions

Coherent Board Confirms Receipt Of Revised II-VI Acquisition Proposal

Published: 03/18/2021 09:17 GMT
Ii-Vi Inc. (IIVI) - Coherent Board Confirms Receipt of Revised Ii-vi Acquisition Proposal.
Coherent Board Confirms Receipt of Revised Ii-vi Acquisition Proposal.
Determines Revised Ii-vi Acquisition Proposal is Superior to Lumentum Merger Agreement.
Coherent - Under Terms of Revised Proposal, Each Share of Coherent Stock to Be Exchanged for $220 in Cash and 0.91 of a Share of Ii-vi Common Stock.
Coherent-notifed Lumentum That It Intends to Terminate Their Merger Agreement Unless It Receives Revised Acquisition Proposal.
Coherent-bank of America, Credit Suisse Are Serving As Financial Advisors to Coherent, and Skadden, Arps, Slate, Meagher & Flom Llp As Legal Advisor.
Coherent-revised Acquisition Proposal From Lumentum Should Be in by 11:59 Pm Pacific Time on Monday, March 22, 2021.