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II-VI Clears Last Hurdle in Coherent Acquisition

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PITTSBURGH, June 29, 2022 — II-VI has obtained antitrust clearance from the State Administration for Market Regulation of the People’s Republic of China (SAMR) for its pending acquisition of Coherent. The decision from SAMR marks completion of antitrust-related closing conditions delineated by the merger agreement signed in March 2021. II-VI, as of June 28, said it expects the acquisition to close on or around July 1. Under the terms of the merger agreement, each share of Coherent common stock will be exchanged for $220 in cash and 0.91 shares of II-VI common stock. A timeline of the acquisition...Read full article

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    Published: June 2022
    BusinessLasersII-VICoherentmergers & acquisitionsacquisitionsCoherent acquisitionregulatory approvalChinaantitrustmergerLumentumMKSstocktransactionclosing conditionsagreement

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