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Coherent Signs Revised Merger Agreement with Lumentum

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SANTA CLARA, Calif., March 10, 2021 — Coherent has entered into a revised merger agreement with Lumentum. Per the amended agreement to the previously announced definitive agreement into which the two companies entered in January, Lumentum plans to acquire Coherent in a deal worth $6.6 billion. Coherent signed the revised merger agreement with Lumentum days after announcing that its board had determined that a revised acquisition proposal from optical components and semiconductor materials manufacturer II-VI was superior to terms of the January merger agreement between it and Lumentum. The revised agreement builds on...Read full article

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