FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “ II-VI Incorporated Surges After Offering to Acquire Coherent, Inc.”
II-VI Incorporated (NASDAQ: IIVI) surged over 12% in premarket trading after the company made an offer to acquire Coherent, Inc., a global laser technology leader, in a cash and stock transaction.
Coherent’s shareholders would receive $130.00 in cash and 1.3055 II-VI common shares for each Coherent share under the proposal.
II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, materials processing, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers.
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