Lumentum And Coherent To Combine, Uniting Global Industry Leaders To Accelerate The Future Of Photonics -- Lumentum to acquire Coherent in a $5.7 billion cash and stock transaction -- Brings together highly complementary, best-in-class portfolios and teams to accelerate photonic innovation, and significantly expands Lumentum's penetration of the more than $10 billion market for lasers and photonics outside of communications and 3D sensing -- Expected to deliver more than $150 million in annual run-rate synergies within 24 months of transaction close, and be accretive to non-GAAP earnings per share during the first full year after closing -- Lumentum and Coherent announce strong preliminary financial results