On Friday, March 12, Coherent's board of directors once again determined that a revised acquisition proposal from II-VI Incorporated was a superior acquisition proposal. On Thursday, March 10, Coherent had announced a revised acquisition agreement with Lumentum. Under the new deal with II-VI, each share of Coherent common stock would be exchanged for $195.00 in cash and 1.0 share of II-VI common stock at the completion of the transaction. Coherent...
