Previous 10 | Next 10 |
The market never likes it when a company engages in a bidding war. Case in point: the massive 35% haircut laser photonics-maker II-VI (NASDAQ: IIVI) has taken since Feb. 11. That's when it hit all-time highs; the following day, it made a massive acquisition bid for photonics rival ...
nLight is a leading and innovative company that makes laser-based products for the aerospace & defense, industrial, and micro-fabrication markets. nLight had a very strong Q4 EPS report and may be a target given recent consolidation action within the sector as exemplified by multi...
Merger activity increased last week. The bidding war for Coherent comes to an end. The acquisition of MSG Networks (MSGN) by Madison Square Garden Entertainment. For further details see: Merger Arbitrage Mondays - Multiple Deals In Bidding Wars
IPG Photonics offers strong leverage to an industrial capex cycle that is already underway. In addition to a typical capex spending recovery, IPG should benefit from new end-market opportunities for electric vehicles, solar cells, and additive manufacturing, as well as increased facto...
Seeing shares as oversold after the recent 33% pullback from a February peak, B. Riley upgrades II-VI (IIVI) from Neutral to Buy and adds $11 to the price target for $88.Regarding the Coherent acquisition, the firm says that II-VI is acquiring a "leading supplier of laser systems for var...
Laser equipment maker Coherent (NASDAQ: COHR) has picked a winner in the three-company buyout battle that started in January. Optical materials specialist II-VI (NASDAQ: IIVI) gets the nod, sending manufacturing process expert MKS Instruments (NASDAQ: MKSI) and optic...
$250 million in annual cost synergies expected to be realized within 36 months of closing Anticipated to be accretive to Non-GAAP EPS in second year following closing PITTSBURGH, March 25, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineere...
After evaluating the comparative benefits and risks of the II-VI (IIVI) and Lumentum (LITE) proposals, including the near-term and long-term financial opportunities and risks presented by each proposal, the potential synergies available through a combination with each company, and the complem...
Coherent Board Accepts II-VI Acquisition Proposal Terminating Lumentum Merger Agreement Entering Into Merger Agreement with II-VI on Terms of March 17, 2021 Proposal PR Newswire SANTA CLARA, Calif. , March 25, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: ...
Lumentum Receives Notice of Termination of Coherent Merger Agreement PR Newswire SAN JOSE, Calif. , March 25, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that Coherent, Inc. (NASDAQ: COHR) ("Coherent") has provided notice of term...
News, Short Squeeze, Breakout and More Instantly...
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...