II-VI Incorporated

Coherent Corp. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. It operates through the following segments: Photonic Solutions and Compound Semiconductors. The Photonic Solutions segment manufactures crystal materials, optics, microchip lasers and optoelectronic modules for use in optical communication networks and other diverse consumer and commercial applications, pump lasers, optical isolators, and optical amplifiers and micro-optics for optical amplifiers, for both terrestrial and submarine applications within the optical communications market. The Compound Semiconductors segment designs, manufactures and markets optical and electro-optical components and materials, infrared optical components and high-precision optical assemblies for aerospace and defense, medical and commercial laser imaging applications, semiconductor lasers and detectors for optical interconnects and sensing applications, unique engineered materials for thermoelectric and silicon carbide applications servicing the semiconductor, aerospace and defense and medical markets. The company was founded Carl J. Johnson in 1971 and is headquartered in Saxonburg, PA.

Coherent Corp. engages in the development, refinement, manufacturing, and marketing of engineered materials, opto-electronic components and devices, and lasers for use in the industrial, communications, electronics, and instrumentation markets. It operates through the following segments: Networking, Materials, and Lasers. The Networking segment leverages compound semiconductor technology platforms and deep knowledge of end-user applications. The Materials segment markets engineered materials and optoelectronic devices. The Lasers segment serves industrial customers in semiconductor capital equipment, display capital equipment, precision manufacturing, and aerospace and defense, as well as instrumentation customers in life sciences and scientific research. The company was founded by Carl J. Johnson in 1971 and is headquartered in Saxonburg, PA.

Coherent Corp

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.

Coherent Board Accepts II-VI Acquisition Proposal

Believes Current Proposal Remains Superior Believes Current Proposal Remains Superior

II-VI Incorporated Maintains its Current Proposal for Coherent

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Lumentum Holdings

II-VI's bid was reportedly the higher of the two, at a total of roughly $285 per share.

Lumentum Holdings Raises Buyout Offer for Coherent; II-VI Apparently Follows Suit

The shares of Coherent, Inc. (NASDAQ:COHR) are up 4.7% to trade at $268.93 at last check, after optical components maker II-VI (IIVI) put in a buyout bid of $7 billion, deemed "superior" to the one placed by Lumentum Holdings (LITE).

II-VI Ups Buyout Bid on Coherent, Shares Surge

Coherent Board Deems II-VI Revised Proposal Superior Coherent Board Deems II-VI Revised Proposal Superior

II-VI Incorporated Confirms Revised Proposal to Acquire Coherent

Industrial and fiber laser solutions provider Coherent Inc (NASDAQ: COHR) confirmed receipt of a revised acquisition proposal from II-VI Inc (NASDAQ: IIVI). Each share of Coherent would be exchanged for $220 in cash and 0.91 of a share of II-VI under the new proposal beating Lumentum's March 17 revised proposal of $220 in cash and 0.61 of a share of Lumentum.

Coherent Shares Are Trading Higher Following II-VI's Revised Acquisition Proposal

Shares of Coherent Inc. rallied 5.1% in premarket trading Thursday, after the laser technology company received yet another higher buyout bid from II-VI Inc. , which Coherent determined is "superior" to the agreed upon bid from Lumentum Holdings Inc. . Under terms of the new II-VI bid, Coherent shareholders would receive $220 in cash and 0.91 II-VI shares for each Coherent share they own.

Coherent's stock rallies after it receives yet another 'superior' buyout bid from II-VI

SAN JOSE, Calif., March 18, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that it has received notice from Coherent, Inc. (NASDAQ: COHR) ("Coherent") of its Board of Directors' determination that an unsolicited acquisition proposal from II–VI Incorporated (NASDAQ: IIVI) ("II-VI") to acquire Coherent in a cash and stock transaction constitutes a "Company Superior Proposal" as defined in the previously announced amended definitive merger agreement with Lumentum entered into on March 9, 2021 and Coherent's intention to terminate such merger agreement.

Lumentum Comments on Notification from Coherent of a Company Superior Proposal

SANTA CLARA, Calif., March 18, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) today confirmed receipt of a revised acquisition proposal from II-VI Incorporated (NASDAQ: IIVI).

Coherent Board Confirms Receipt of Revised II-VI Acquisition Proposal

PITTSBURGH, March 17, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in laser materials processing solutions, today announced the opening of its applications laboratory in Suzhou, China, to support the growing industrial laser market in the region.

II-VI Incorporated Opens New Applications Laboratory in China for Industrial Laser Materials Processing

Shares of Coherent Inc. rose 1.5% in premarket trading Friday, after the laser technology company said it informed Lumentum Holdings Inc. that a revised unsolicited buyout bid from II-VI Inc. it received Thursday was "superior" to the recently increased and agreed on bid from Lumentum. Coherent said II-VI's bid was $195 in cash and 1.0 II-VI shares for each Coherent share Based on Thursday's closing prices, that represents a $271.51 price for Coherent shares, a 9.4% premium, that values Coherent at about $6.64 billion.

Coherent receives a 'superior' buyout bid from II-VI, Lumentum has till March 17 to counter

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.

Coherent Board Determines New II-VI Proposal Is Superior to Amended Lumentum Merger Agreement

PITTSBURGH, March 08, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will hold a live webcast and conference call on Tuesday, March 9, 2021, at 9:00 a.m. EST to discuss II-VI's proposal to acquire all outstanding shares of Coherent in a cash and stock transaction. The webcast and call will be hosted by Dr. Vincent D. (Chuck) Mattera, Jr., Chief Executive Officer; Mary Jane Raymond, Chief Financial Officer; Dr. Giovanni Barbarossa, Chief Strategy Officer and President, Compound Semiconductors; and Steve Pagliuca, Co-Chairman of Bain Capital.

II-VI Incorporated to Webcast Conference Call Regarding Proposal to Acquire Coherent

Lumentum Holdings Inc. said Monday it received notice from laser technology company Coherent Inc. , which Lumentum has entered into an agreement to acquire, that the unsolicited buyout bid it received from II-VI Inc. was "superior." Lumentum said it will review the II-VI bid, and will have four days to match the rival bid.

Lumentum has 4 days to match II-VI's rival buyout bid for Coherent

Coherent's Board Deems II-VI Proposal Superior Coherent's Board Deems II-VI Proposal Superior

II-VI Incorporated Revises Proposal to Acquire Coherent

PITTSBURGH, March 05, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that it will showcase its broad portfolio of product and technology innovations at the upcoming SPIE Photonics West Digital Forum and BiOS Digital Marketplace, March 6-11. These products and capabilities are enabling next-generation photonics applications in diverse markets such as materials processing, life sciences, automotive, consumer electronics, communications, and more. Traditionally held in San Francisco, this year's event will be fully virtual.

II-VI Incorporated Presents New Product and Technology Capabilities at Photonics West and BiOS Digital Marketplace 2021

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PITTSBURGH, Feb. 26, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading provider of precision optics for life sciences and optical networks, today announced that it will begin the expansion of its manufacturing footprint in Santa Rosa, California, with a plan to double over the next five years its manufacturing capacity of optical filters for polymerase chain reaction (PCR) instrumentation and 5G optical access networks.

II-VI Incorporated to Double Manufacturing Capacity of Optical Filters for PCR Instrumentation and 5G Optical Access Over a Five-Year Investment

PITTSBURGH, Feb. 25, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading provider of semiconductor lasers and micro-optics for consumer electronics, today announced its vertical cavity surface emitting laser (VCSEL) flood illuminator modules for driver and occupancy monitoring systems in vehicles.

II-VI Incorporated Unveils VCSEL Flood Illuminator Modules for Driver and Occupancy Monitoring Systems in Vehicles

PITTSBURGH, Feb. 22, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and laser optics, today announced the introduction of its ceramic YAG (yttrium aluminum garnet) platform for solid-state lasers and optical components.

II-VI Incorporated Introduces Ceramic YAG Optical Materials for Solid-State Lasers in Automotive LiDAR

PITTSBURGH, Feb. 18, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in laser technology and subsystems, today announced the introduction of its multi-wavelength laser module product line for life sciences.

II-VI Incorporated Introduces Multi-Wavelength Laser Modules for Life Sciences

II-VI has stepped up with its own bid for Coherent, valuing this photonics, lasers, and optics company at a premium to its underlying fundamentals. Coherent is a rare asset for II-VI and one that will expand not only served addressable markets (like aero/defense and life sciences), but add meaningful integration and synergy opportunities.

II-VI Dives Into The Battle For Coherent And More Diversification

PITTSBURGH, Feb. 16, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in gallium arsenide (GaAs) optoelectronics, today announced the introduction of its 1060 nm seed laser in a 3-pin miniature package for pulsed fiber lasers in materials processing.

II-VI Incorporated Introduces 1060 nm Seed Laser in Miniature Package for Fiber Lasers in Materials Processing

PITTSBURGH, Feb. 16, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that the Company will present at the following upcoming investor conference:

News for II-VI Incorporated Stock (IIVI)