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Lumentum And Coherent To Combine, Uniting Global Industry Leaders To Accelerate The Future Of Photonics

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 ....

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Lumentum to acquire Coherent for $5.7B

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1/19/2021
SAN JOSE, California Lumentum Holdings and Coherent today announced that they have entered into a definitive agreement under which Lumentum will acquire Coherent in a cash and stock transaction valued at $5.7 billion. Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of both companies, Coherent stockholders will receive $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. At closing, Coherent stockholders are expected to own approximately 27% percent of the combined company.
The combination unites Coherent s leading photonics and lasers businesses, including in the Microelectronics, Precision Manufacturing, Instrumentation, and Aerospace & Defense markets, with Lumentum s leading Telecom, Datacom, and 3D Sensing photonics businesses, creating a diversified photonics technology ....

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