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Coherent Says Revised II-VI Proposal Superior to Lumentum Agreement

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SANTA CLARA, Calif., March 8, 2021 — Coherent determined that a revised acquisition proposal from optical components and semiconductor materials manufacturer II-VI is superior to the terms of a January merger agreement between Coherent and laser and optical fiber developer Lumentum. Coherent notified Lumentum it intends to terminate that agreement if it does not receive a revised proposal from Lumentum by Thursday, March 11. The revised proposal from II-VI builds on a previous unsolicited acquisition proposal that II-VI submitted to Coherent on Feb. 12 following an unsolicited bid from MKS Instruments. Per terms of...Read full article

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