More contenders vie for Coherent – March 17 update

Coherent announced on March 17 that it has received a new acquisition proposal from Lumentum Holdings.  Under the terms of Lumentum’s new proposal, each share of Coherent common stock would be exchanged for $220.00 in cash and 0.61 of a share of Lumentum common stock at the completion of the transaction.

To read the full press release click: HERE.

See below an overview of the overall proposals to Coherent by Yole Développement ‘s analysts – March 17 update.