II-VI Incorporated Completes the Acquisition of Coherent, Forming a Global Leader in Materials, Networking, and Lasers
PITTSBURGH and SANTA CLARA, Calif., July 01, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (NASDAQ:IIVI) today successfully completed the acquisition of Coherent, Inc. (NASDAQ:COHR), forming a global leader in materials, networking, and lasers. Under the terms of the merger agreement, each share of Coherent common stock was converted into the right to receive $220.00 in cash and 0.91 of a share of II-VI common stock. Both organizations bring their own formidable strengths. The combined business will be more distributed across the value chain from materials to components, subsystems, systems, and service. II-VI's scale, at the levels of the value chain where expertise in materials matters,
