January 17, 2022

CHICAGO PIXELS

SEMICONDUCTOR RESEARCH CENTER

Coherent declares new II-VI acquisition proposal superior to amended Lumentum merger agreement

Coherent Inc of Santa Clara, CA, USA says that its board of directors, in consultation with its financial and legal advisors, has determined that a revised acquisition proposal from engineered materials and optoelectronic component maker II-VI Inc of Saxonburg, PA on 11 March constitutes a ‘Company Superior Proposal’ under the terms of Coherent’s pending revised merger agreement of 10 March with Lumentum Holdings Inc of San Jose, CA (which designs and makes photonic products for optical networks and lasers in industrial and consumer markets)…