NPTN - nLight may be a target for Coherent losing bidder

nLight (LASR) could be a potential target for the companies that lose out on the bidding war for Coherent (COHR).nLight may be the best next target for the losers of the war, which is currently being waged by II-VI (II-VI) and Lumentum (LITE), according to a report from CTFN. which cites a banker and a sector executive.MKS Instruments (MKSI) was also a bidder for Coherent, though it has since given up the fight.Previously, at least one analyst has said that he believe NeoPhotonics (NPTN) would likely be the next takeover candidate in the industry.Yesterday, Coherent confirms receipt of revised proposal from II-VI.Recall March 17, Lumentum sweetens offer for Coherent, edging above II-VI's bid.

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nLight may be a target for Coherent losing bidder