Coherent, Inc. (COHR) said its board has unanimously determined that a revised acquisition proposal received from II-VI Incorporated (IIVI) constitutes a Superior Proposal under pending merger agreement with Lumentum Holdings Inc. (LITE). Under the revised proposal, each share of Coherent common stock would be exchanged for $170.00 in cash and 1.0981 shares of II-VI common stock.

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RTTNews | Mar 8, 2021 05:33AM EST

05:32 Monday, March 8, 2021 (RTTNews.com) - Coherent, Inc. (COHR) said its board has unanimously determined that a revised acquisition proposal received from II-VI Incorporated (IIVI) constitutes a Superior Proposal under pending merger agreement with Lumentum Holdings Inc. (LITE). Under the revised proposal, each share of Coherent common stock would be exchanged for $170.00 in cash and 1.0981 shares of II-VI common stock.

Coherent has notified Lumentum that it intends to terminate the merger agreement unless the company receives a revised proposal from Lumentum by March 11, 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3175514/coherent-board-determines-revised-ii-vi-offer-as-superior-proposal.aspx)

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