II-VI Incorporated to Acquire Coherent, Inc. in Cash-and-Stock Deal
July 1, 2022
II-VI Incorporated entered into an acquisition of Coherent, Inc. in a cash-and-stock transaction valued at about $6.3 billion. Under the terms, each Coherent share was exchanged for $220.00 in cash and 0.91 shares of II-VI common stock, with the deal expected to close in Q4 2021 and subject to customary approvals. II-VI later announced the acquisition completed, forming a global leader in materials, networking, and lasers.
- Buyers
- II-VI Incorporated
- Targets
- Coherent, Inc.
- Industry
- Industrial Services
- Location
- California, United States
- Transaction Type
- Buyout
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