RTTNews | Mar 12, 2021 05:22AM EST

05:21 Friday, March 12, 2021 (RTTNews.com) - Coherent, Inc. (COHR) said the company's board has determined that a revised acquisition proposal the company received from II-VI (IIVI) on March 11, 2021 constitutes a Superior proposal under the terms of pending revised merger agreement with Lumentum Holdings Inc. (LITE). As per the revised proposal, each share of Coherent common stock would be exchanged for $195.00 in cash and 1.0 share of II-VI common stock.

Coherent has notified Lumentum that it plans to terminate the amended merger agreement unless the company receives a revised proposal from Lumentum by March 17, 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3177012/coherent-determines-revised-acquisition-proposal-from-ii-vi-as-superior-proposal.aspx)

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