Lumentum Holdings Inc

-2.68 (-3.19%)
Debt Financing / Related, Mergers / Acquisitions

Lumentum Announces Revised Proposal For Coherent

Published: 03/17/2021 09:28 GMT
Lumentum Holdings Inc (LITE) - Lumentum Announces Revised Proposal for Coherent.
Silver Lake to Make a $1 Billion Equity Investment in the Combined Company.
at Closing, Two Members of Coherent Board and One Member of Silver Lake Will Be Appointed to Lumentum Board.
Revised Proposal to Acquire Coherent in a Cash and Stock Transaction Valued at $6.9 Billion.
Lumentum-lumentum Intends to Finance Cash Portion of Transaction Through a Combination of Cash on Hand From the Combined Company's Balance Sheet.
Will Also Get $3.25 Billion in New Debt Financing From a Fully Committed Term Loan B.