Coherent COHR laser technology company,
on Thursday it said it has agreed a money and stock purchase contract from engineered materials and optoelectronic parts manufacturer II-VI IIVI,
Under the terms of the contract, each share of Homogeneous common stock will be exchanged for $ 220 in cash and 0.91 of a share of II-VI stock at the end of the contract, which is expected in the fourth quarter of 2021. By doing so, Gay said it will end its March 9, 2021 agreement with Lumentum LITE,
pays a $ 217.6 million tax to an optical and photonic manufacturer. Lumentum offered $ 230 in cash and 0.6724 Lumentum shares for each Consistent portion. Coherent’s board of directors said it decided that the II-VI application continues as “a company’s forward-looking proposal. “The agreement will be subject to regulatory approval and approval from the shareholders of both companies.