Merger activity decreased last week with one new deal announced and four deals completed.
Founded in 1966 and headquartered in Santa Clara, California, Coherent is a photonics manufacturer that provides laser-based technologies and laser-based system solutions in a broad range of commercial, industrial and scientific applications. On January 19, Lumentum Holdings (LITE) agreed to buy Coherent (COHR) for $5.7 billion, in a cash plus stock deal.
Another highlight from last week was a deal amendment. Collectors Universe (CLCT) and Nat Turner, D1 Capital Partners and Cohen Private Ventures entered into an amendment in which the investor group increased its offer to acquire CLCT, from $75.25 per share to $92.00 per share in cash.
You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.
There were two new deals announced in the Deals in the Works section last week.