Coherent board determines new ii-vi proposal is superior to amended lumentum merger agreement

Santa clara, calif., march 12, 2021 /prnewswire/ -- coherent, inc. (nasdaq: cohr) today announced that the company's board of directors, in consultation with its financial and legal advisors, has determined that a revised acquisition proposal coherent received from ii-vi incorporated (nasdaq: iivi) on march 11, 2021 constitutes a "company superior proposal" under the terms of coherent's pending revised merger agreement with lumentum holdings inc. (nasdaq: lite) dated march 10, 2021.
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