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MKS Makes Bid to Acquire Coherent

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SANTA CLARA, Calif., Feb. 8, 2021 — Coherent Inc. received an unsolicited acquisition proposal from MKS Instruments Inc. to acquire Coherent in a cash and stock transaction, Coherent said in a press release. Coherent issued the release 20 days after it entered into a $5.7 billion merger agreement with Lumentum, pursuant to which Lumentum agreed to acquire Coherent. Under the terms of MKS’ proposal, each share of Coherent common stock would be exchanged for $115 in cash and 0.7473 of a share of MKS common stock at the completion of the transaction. Coherent announced its transaction with Lumentum Holdings Inc. on Jan....Read full article

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    Published: February 2021
    Businessmergersmergers & acquisitionsCoherentMKSMKS InstrumentsLumentumLumentum HoldingstransactionLasersinstrumentationOptics

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