Coherent Opts to Accept $7B II-VI Takeover Proposal
PITTSBURGH, March 25, 2021 — II-VI will enter into a definitive agreement with Coherent, allowing the Pittsburgh-based optical components and semiconductor materials manufacturer to acquire Coherent, a laser manufacturer. The deal is worth around $7 billion. Accordingly, Coherent said, it is terminating a merger agreement with Lumentum, which the two companies entered on March 9. Coherent will now pay Lumentum a termination fee of more than $200 million. Per terms of the II-VI/Coherent merger agreement, each