October 17, 2021

CHICAGO PIXELS

SEMICONDUCTOR RESEARCH CENTER

II-VI raises Coherent acquisition offer to $287.18 per share

On 17 March, Coherent Inc of Santa Clara, CA (which provides lasers and laser-based technology for scientific, commercial and industrial applications) received a revised acquisition proposal from engineered materials and optoelectronic component maker II-VI Inc of Saxonburg, PA, under which each share of Coherent common stock would be exchanged for $220 in cash and 0.91 of a share of II-VI common stock, equating to $287.18 per share, based on the 10-day volume weighted average price (VWAP) of II-VI common stock, ending 16 March…