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., Feb. 16, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) today announced that its board of directors has determined to engage in discussions with II-VI Incorporated (NASDAQ: IIVI) in response to its unsolicited proposal to acquire Coherent in a transaction where...

Coherent To Engage In Discussions With II-VI

II-VI is the third largest player which is joining the bidding race for Coherent. The company is offering a premium for Coherent, which is attributed a rosy future.

II-VI - Joining The Bidding Race For Coherent

The laser technology specialist has become an in-demand acquisition target.

Coherent Stock Surges Again as II-VI Offers Buyout at $260 Per Share

Coherent stock surged as much as 16% on Friday after the electronic-components maker II-VI Incorporated offered $260 per share for the company in a buyout bid. Coherent had already been the target of multiple buyout offers prior to II-VI's proposal. First, there was a $226 per share offer from the San Jose, California-based Lumentum, and then just last week MKS Instruments offered roughly $240 per share for the company.

Coherent surges 16% after electronic-components maker II-VI Incorporated offers $260 a share in buyout bid

II-VI Incorporated (NASDAQ: IIVI) has made an offer to acquire Coherent, Inc. (NASDAQ: COHR) for a purchase price of $260 per share. The purchase price signifies a premium of 15% to Coherent's last closing price.

II-VI Offers To Acquire Coherent For $260 Per Share

SANTA CLARA, Calif., Feb. 12, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) ("Coherent") today announced that it has received an unsolicited acquisition proposal from II–VI Incorporated (NASDAQ: IIVI) ("II-VI") to acquire Coherent in a cash and stock transaction. Under the terms of...

Coherent Confirms Receipt Of Unsolicited Proposal From II-VI Incorporated

Shares of Coherent Inc. soared 14.2% toward a 3-year high in premarket trading Friday, after II-VI Inc. made a $260-a-share cash-and-stock buyout bid for the laser technology company. With 24.45 million shares outstanding as of Feb. 8, the bid values Coherent at about $6.36 billion.

Coherent stock soars after II-VI makes $260-a-share buyout bid, topping bids from MKS and Lumentum

PITTSBURGH, Pa., Feb. 12, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced it has made an offer to acquire Coherent, Inc. (Nasdaq: COHR), a global laser technology leader, in a cash and stock transaction. Under the terms of II-VI's proposal made in a letter today (see below) to Coherent's Board of Directors, Coherent's shareholders would receive $130.00 in cash and 1.3055 II-VI common shares for each Coherent share. Based on yesterday's closing price of II-VI shares, II-VI's proposal is valued at $260.00 per Coherent share.

II-VI Incorporated Offers to Acquire Coherent for $260 per Share

Lumentum Holdings

Shares of Coherent Inc. soared 16.4% toward a 3-year high in premarket trading Friday, after The Wall Street Journal reported that II-VI Inc. is planning to make a roughly $6.5 billion buyout bid for the laser technology company. II-VI is planning a cash-and-stock bid of $260 a share, as soon as Friday, the WSJ report said, citing people familiar with the matter.

Coherent stock soars after WSJ report that II-VI plans $6.5 billion buyout bid, that tops MKS and Lumentum bids

PITTSBURGH, Feb. 11, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading provider of components based on reaction-bonded ceramics and metal-matrix composites, today announced that it introduced a new grade of its proprietary reaction-bonded silicon carbide ceramic material, with a record thermal conductivity of 255 W/(m-K), for power electronics applications, including IGBT baseplates.

II-VI Incorporated Introduces Silicon Carbide Ceramic Materials with Record Thermal Conductivity of 255 W/(m-K) for Power Electronics Modules

PITTSBURGH, Feb. 10, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading provider of imaging optics, today announced the introduction of its diffraction-limited apochromatic objective lenses for fluorescence imaging.

II-VI Incorporated Introduces Diffraction-Limited Apochromatic Objective Lenses for Fluorescence Imaging in Life Sciences

II-VI Incorporated (IIVI) CEO Chuck Mattera on Q2 2021 Results - Earnings Call Transcript

II-VI (IIVI) delivered earnings and revenue surprises of 17.39% and 1.51%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

II-VI (IIVI) Tops Q2 Earnings and Revenue Estimates

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PITTSBURGH, Feb. 09, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq:IIVI) ("II-VI," “We” or the "Company") today reported results for its fiscal 2021 second quarter ended December 31, 2020.

II-VI Incorporated Reports Fiscal 2021 Second Quarter Results

PITTSBURGH, Feb. 08, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading provider of semiconductor lasers and micro-optics for consumer electronics, today announced its double-junction vertical cavity surface-emitting laser (VCSEL) arrays, the first of its multi-junction VCSEL array platforms for next-generation world-facing 3D sensing applications.

II-VI Incorporated Unveils High-Power and High-Efficiency Double-Junction VCSEL Arrays for Next-Generation 3D Sensing

On Tuesday, February 09, II-VI (NASDAQ:IIVI) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Earnings Preview for II-VI

II-VI's (IIVI) Q2 earnings are likely to have gained from the solid product demand, the Finisar buyout and strong sales channels. However, high costs and expenses might have marred its performance.

II-VI (IIVI) to Report Q2 Earnings: What's in the Cards?

PITTSBURGH, Feb. 03, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading supplier of transceivers, today announced that it received the Supply Chain Excellence Award 2020 from Fujitsu Network Communications Inc. at its virtual Supplier Appreciation Day held on January 14, 2021. II-VI was honored by Fujitsu in recognition of its excellent overall performance, including achievement of 100% on-time delivery.

II-VI Incorporated Wins Fujitsu Supply Chain Excellence Award 2020

II-VI (IIVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

II-VI (IIVI) Earnings Expected to Grow: Should You Buy?

Through a series of strategic and successful acquisitions, II-VI has expanded its portfolio of materials and product platforms. II-VI's market drivers include 5G, EVs, cloud, advanced smartphone features, and compound semiconductors.

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This company is leveraged to all the major 2020s megatrends.

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PITTSBURGH, Jan. 14, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leading supplier of optoelectronic devices and micro-optics, today announced that it was twice recognized at a recent industry awards ceremony in China.

II-VI Incorporated Receives Optical Communications Industry Awards at ODC 2020

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