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Lumentum Announces Revised Proposal for Coherent Silver Lake to Make a $1 Billion Equity Investment in the Combined Company News provided by Share this article Share this article SAN JOSE, Calif., and MENLO PARK, Calif., March 17, 2021 /PRNewswire/  Lumentum Holdings Inc. ( Lumentum ) today confirmed that on March 17, 2021, it delivered to Coherent, Inc. s (Nasdaq: COHR) Board of Directors a revised proposal to acquire Coherent in a cash and stock transaction valued at $6.9 billion. Under the terms of the revised proposal, Coherent stockholders would receive $220.00 per share in cash and 0.6100 shares of Lumentum common stock for each Coherent share they own. Using Lumentum s closing stock price as of March 16, 2021, this equates to a consideration of $275.00 per Coherent share. As part of Lumentum s revised proposal, Silver Lake, the global leader in technology investing, will make a $1 billion equity investment in the combined company.

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