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General

Lumentum lifts Coherent takeover price to USD 6.9 billion

Wednesday 17 March 2021 | 13:53 CET | News
Lumentum has increased its takeover bid for Coherent to USD 6.9 billion. Under the deal, Coherent stockholders would receive USD 220 per share in cash and 0.6100 share of Lumentum stock for each Coherent share owned, taking the total offer to USD 275 per Coherent share. As part of the revised proposal, Silver Lake would also make a USD 1 billion equity investment in the combined company.

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Categories: General
Companies: Lumentum
Countries: World
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