II-VI is maintaining its current proposal to acquire Coherent, which will expire at Noon Pacific Time on Thursday, March 25, 2021. II-VI believes its proposal would create significant value for the shareholders of both companies and remains superior to Lumentum’s latest proposal.
Under the terms of the II-VI proposal, Coherent’s shareholders would receive $220.00 in cash and 0.91 of a share of II-VI common stock for each Coherent share, which implies a total per share value of $287.18 based on the 10-day volume weighted average price (VWAP) of II-VI common stock for the period ending March 16, 2021, the day prior to the date II-VI submitted its current proposal.
https://ii-vi.com/ii-vi-incorporated-maintains-its-current-proposal-for-coherent/
Lumentum again raises bid for Coherent Inc.
On March 22, Lumentum increased its bid to acquire Coherent.Under the terms of the revised proposal, Coherent stockholders would receive $230.00 per share in cash and 0.6724 shares of Lumentum common stock for each Coherent share they own. Based on Lumentum's closing stock price on March 22, 2021, this equates to a consideration of $287.50 per Coherent share.Lumentum intends to finance the cash portion of the transaction through a combination of...
II-VI again raises its bid for Coherent
II-VI increased its offer to acquire Coherent Inc. to top the revised proposal from Lumentum on March 17th.Under the terms of the revised II-VI proposal, Coherent’s shareholders would receive $220.00 in cash and 0.91 of a share of II-VI common stock for each Coherent share, which implies a total per share value of $287.18 based on the 10-day volume weighted average price (VWAP) of II-VI common stock, ending March 16, 2021. II-VI continues to expect...
