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Coherent’s confirmation Monday that members of its board are actively reviewing an unsolicited purchase offer from MKS Instruments came less than three weeks after Coherent and Lumentum announced a $5.7 billion deal, in which Lumentum would acquire the California-based laser manufacturer. According to analysts, both prospective deals would be immediately consequential across photonics business sectors, bringing together two industry leaders and forming a powerhouse company.
MKS, in a press release Monday, said its proposed deal is worth approximately $300 million more than that offered by Lumentum ($6 billion versus $5.7 billion). In a letter to Coherent board members dated Feb. 4, MKS said it was delivering its offer after 12…READ MORE