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II-VI Purchase Offer for Coherent Magnifies Differences, Similarities in Three Existing Bids

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JAKE SALTZMAN, NEWS EDITOR
[email protected]

Feb. 16, 2021 — Analysts and those from across the photonics landscape were digesting news of MKS Instruments’ $6 billion bid to acquire Coherent early last week — a move that itself countered a $5.7 billion deal that Lumentum in January struck to acquire Coherent — as optical components and semiconductor materials manufacturer II-VI released its second quarter fiscal year 2021 financial earnings. II-VI, on Tuesday, Feb. 9, reported record quarterly revenue of more than $785 million. The company also announced record cash from operations of more than $220 million, and record free cash flow...Read full article

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