January 17, 2022

CHICAGO PIXELS

SEMICONDUCTOR RESEARCH CENTER

Lumentum responds to Coherent favoring II-VI’s acquisition proposal

Lumentum Holdings Inc of San Jose, CA (which designs and makes photonic products for optical networks and lasers in industrial and consumer markets) confirms that it has received notice from Coherent Inc of Santa Clara, CA, USA of its board of director’s determination that an unsolicited proposal from engineered materials and optoelectronic component maker II-VI Inc of Saxonburg, PA to acquire it in a cash and stock transaction constitutes a ‘Company Superior Proposal’, as defined in the amended definitive merger agreement with Lumentum of 9 March (which Coherent’s intends to terminate)…