Coherent (COHR) confirms receipt of Unsolicited Proposal from MKS Instruments (MKSI)

  • February 8, 2021

POTENTIAL DEAL DETAILS

StockCoherent, Inc.SymbolCOHR
Date Announced02/08/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person II-VI Incorporated
Date of Confirmation: 03/25/2021Price at Confirmation: $254.56
Potential Profit: 15.97%Annualized Profit: 129.56%

Coherent, Inc. (COHR) today announced that it has received an unsolicited acquisition proposal from MKS Instruments, Inc. (MKSI) to acquire Coherent in a cash and stock transaction.

Update(s):

February 12, 2021: II-VI Incorporated (IIVI), a global leader in engineered materials and optoelectronic components, today announced it has made an offer to acquire Coherent, Inc. (COHR), a global laser technology leader, in a cash and stock transaction. Under the terms of II-VI’s proposal made in a letter to Coherent’s Board of Directors, Coherent’s shareholders would receive $130.00 in cash and 1.3055 II-VI common shares for each Coherent share. Based on yesterday’s closing price of II-VI shares, II-VI’s proposal is valued at $260.00 per Coherent share.

February 16, 2021: Coherent, Inc. (COHR) today announced that its board of directors has determined to engage in discussions with II-VI Incorporated (IIVI) in response to its unsolicited proposal to acquire Coherent in a transaction where each share of Coherent common stock would be exchanged for $130.00 in cash and 1.3055 shares of II-VI common stock.

February 24, 2020: The Santa Clara, California-based company has asked MKS Instruments Inc. and II-VI Inc. to submit final bids by late next week, according to people familiar with the matter.

March 08, 2021: MKS Instruments, Inc. (MKSI) , a global provider of technologies that enable advanced processes and improve productivity, today confirmed that it had submitted a revised offer on Friday March 5, 2021 to acquire all outstanding shares of Coherent, Inc. for $250 per share, composed of $135 in cash and $115 in shares of MKS common stock (subject to a symmetrical 10% collar).

March 17, 2021: Lumentum Holdings Inc. today confirmed that on March 17, 2021, it delivered to Coherent, Inc.’s (COHR) Board of Directors a revised proposal to acquire Coherent in a cash and stock transaction valued at $6.9 billion.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.