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II-VI (IIVI) expects to complete its potential takeover of Coherent (COHR) by the end of 2021 and expects to get approval in China, especially after experience with Finisar, II-VI executives said on conference call earlier.II-VI expects that Chinese antitrust authorities are looking at the co...
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...
Earlier today, Coherent ([[COHR]] +1.7%) announced that II-VI ([[IIVI]] -0.9%) raised its acquisition offer to $170 in cash and 1.0981 II-VI common shares for each Coherent share, which equals out to $260 per share. The company's board deemed the II-VI offer as superior to the previously acce...
II-VI (IIVI) raises its unsolicited offer to acquire Coherent (COHR) to include $170 in cash and 1.0981 II-VI common shares for each Coherent share, implying an enterprise value of $6.5B and a total consideration of $260 per share.The original offer from II-VI included $130.00 in cash an...
PITTSBURGH, March 08, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, delivered to Coherent Inc.’s (Nasdaq: COHR) Board of Directors on March 5, 2021 a revised proposal to acquire all outstanding share...
Lumentum Comments on Notification from Coherent of a Company Superior Proposal PR Newswire SAN JOSE, Calif. , March 8, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that it has received notice from Coherent, Inc. (NASDAQ: COHR) ("C...
Coherent Board Determines Revised II-VI Proposal Is Superior To Lumentum Merger Agreement PR Newswire SANTA CLARA, Calif. , March 8, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) ("Coherent") today announced that the company's board of directors, in con...
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 ...
II-VI (IIVI) will double the manufacturing capacity of of optical filters at its Santa Rosa, California, facility over the next five years.The optical filters are used for polymerase chain reaction instrumentation and 5G optical access networks."The rapid growth in PCR testing for COVID-19 an...
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 do...
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PITTSBURGH, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter and fiscal year ended June 30, 2024, in a press release posted on Coherentȁ...
PITTSBURGH, July 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a key partner in the development of the Thirty Meter Telescope (TMT), is proud to announce the completion of its 100th polished mirror segment. This significant milestone was celebrated with a visit from TMT representative...
PITTSBURGH, June 12, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, proudly announces the shipment of its 300-millionth optical transceiver from its manufacturing facility in Ipoh, Malaysia. This significant milestone underscores the sc...