Lumentum raises Coherent offer to $6.9BN with private equity backing

Lumentum raises Coherent offer to $6.9BN with private equity backing
17 Mar 2021
The bidding war to acquire laser company Coherent shows no sign of abating, with Lumentum responding to II-VI’s latest offer with another increased bid of its own.
Estimated to be worth $6.9 billion - slightly higher than II-VI’s latest offer - the new Lumentum deal would see $220 in cash and 0.61 Lumentum shares exchanged for each Coherent share.
Although Coherent has acknowledged receipt of the latest revised offer from Lumentum, the Santa Clara firm says its board of directors will carefully evaluate it before deciding whether to recommend it over the II-VI bid.

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