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Coherent has entered into a revised merger agreement with Lumentum. Per the amended agreement to the previously announced definitive agreement into which the two companies entered in January, Lumentum plans to acquire Coherent in a deal worth $6.6 billion.
Coherent signed the revised merger agreement with Lumentum days after announcing that its board had determined that a revised acquisition proposal from optical components and semiconductor materials manufacturer II-VI was superior to terms of the January merger agreement between it and Lumentum.
The revised agreement builds on the initial Lumentum offer worth $5.7 billion; under the revised agreement, each share of Coherent common stock will be exchanged for $175 in cash and…READ MORE