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Analysts and those from across the photonics landscape were digesting news of MKS Instruments’ $6 billion bid to acquire Coherent early last week — a move that itself countered a $5.7 billion deal that Lumentum in January struck to acquire Coherent — as optical components and semiconductor materials manufacturer II-VI released its second quarter fiscal year 2021 financial earnings. II-VI, on Tuesday, Feb. 9, reported record quarterly revenue of more than $785 million. The company also announced record cash from operations of more than $220 million, and record free cash flow of more than $175 million.
Three days later, on Friday, Feb. 12, II-VI issued its own bid to acquire Coherent. The company’s offer, worth…READ MORE