Coherent board accepts ii-vi acquisition proposal

Santa clara, calif., march 25, 2021 /prnewswire/ -- coherent, inc. (nasdaq: cohr) today announced that its board of directors has determined, after consultation with its financial and legal advisors, that the previously disclosed acquisition proposal coherent received from ii-vi incorporated (nasdaq: iivi) on march 17, 2021 continues to be a "company superior proposal" under coherent's march 9, 2021 merger agreement with lumentum holdings inc. (nasdaq: lite) after giving due consideration to the revised acquisition proposal coherent received from lumentum on march 22, 2021.
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