Lumentum Holdings (LITE) and Coherent (COHR) $5.7bn merger information including expected completion date, offer price and contact details are displayed in the acquisition details table below. An invaluable buyout factsheet for traders and investors looking to trade the merger arbitrage spread.
This deal was abandoned on March 25, 2021 in favor of the proposal from II-VI (NASDAQ:IIVI)
| Merger Details | Value |
|---|---|
| Acquisition Target Stock Name | Coherent |
| Acquisition Target Stock Ticker | COHR |
| Acquirer Name and Ticker | Lumentum Holdings (LITE) |
| Announcement Date | January 19, 2021 |
| Merger Status | FRIENDLY MERGER |
| Expected Completion Date | 2H, 2021 |
| Deal Value | $5.7bn |
| Offer Value at Revised Announcement | $283.00 |
| Payment Method | Stock & Cash Deal |
| Stock Ratio | 0.6724 LITE for each COHR share |
| Cash Component | $230 |
| Initial Announcement | Press Release |
| Revised Announcement | Press Release |
| Lumentum Holdings Investor Relations | investor.relations@lumentum.com |
| Coherent Investor Relations | investor.relations@coherent.com |
| Deal Abandoned Date | March 25, 2021 |
Lumentum Holdings (NASDAQ: LITE) & Coherent (NASDAQ: COHR) Merger
Receive FREE instant access to constantly updated COHR news related to the current merger. Simply register by entering your email address to receive weekly publication updates. For more proprietary Merger Arbitrage Limited content and analysis on this buyout, click either Lumentum Holdings (LITE) or Coherent (COHR). Proprietary commentary can also be accessed by simply entering a ticker symbol into the search box such as “LITE” or “COHR“, or clicking on a stock ticker in the tag cloud at the foot of this article.
Traders and shareholders can review similar merger details on current takeover stocks by first selecting “DEALS” from the main menu above, then “Current Cash Deals” or “Current Stock Deals“. For previous acquisitions, select either “Closed Deals” or “Failed Deals“. Additionally, check out our customized M&A PR Newswire or Business Wire press release news feeds exclusively for Merger Arbitrage Limited.
Lumentum Holdings (NASDAQ: LITE) & Coherent (NASDAQ: COHR) Merger - Acquisition News and Events
The major acquisition news updates & events of Lumentum Holdings (LITE) & Coherent (COHR) by are listed below. A comprehensive data source for
- Traders looking to familiarize themselves with the Lumentum Holdings (LITE) merger with Coherent (COHR) and trade the merger arbitrage spread
- Existing shareholders and investors wishing to stay abreast of the latest deal developments
Lumentum Holdings Company Profile
Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates in two segments, Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.
It offers tunable transponders, transceivers, and transmitter modules; tunable lasers, receivers, and modulators; transport products, such as reconfigurable optical add/drop multiplexers, amplifiers, and optical channel monitors, as well as components, including 980nm, multi-mode, and Raman pumps; and switches, attenuators, photodetectors, gain flattening filters, isolators, wavelength-division multiplexing filters, arrayed waveguide gratings, multiplex/de-multiplexers, and integrated passive modules. This segment also provides Super Transport Blade, which integrates optical transport functions into a single-slot blade; vertical-cavity surface-emitting lasers; directly modulated and electro-absorption modulated lasers; and laser illumination sources for 3D sensing systems.
It serves customers in telecommunications, data communications, and consumer and industrial markets. The Commercial Lasers segment offers diode-pumped solid-state, fiber, diode, direct-diode, and gas lasers for use in original equipment manufacturer applications. It serves customers in markets and applications, such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, and remote sensing, as well as in precision machining, such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in San Jose, California.
Coherent Company Profile
Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial research applications. It operates in two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products.
Its products are used for applications in microelectronics, materials processing, original equipment manufacturer components and instrumentation, and scientific research and government programs. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally. Coherent, Inc. was founded in 1966 and is headquartered in Santa Clara, California.
Finding this information useful? Here's what you can do to help...
- Share this page using the toolbar links at the left of your screen or at the bottom for mobile users on your preferred social network
- Sina Weibo
- Twitter etc.
- Follow us on twitter @MergeArbLimited.
- Become friends with us on Facebook
- Register for news alerts and merger arbitrage deal analysis postings via email using the sign up form.
- In addition to these, an RSS feed is also available at the bottom right of the page.
- Contact us using the details given on the Contact Us page.
- Donate using the paypal widget in the sidebar. It’s gladly appreciated and we need the coffee! See the Paypal section for additional incentives
- Share this page using the toolbar links at the left of your screen or at the bottom for mobile users on your preferred social network
Thanks for reading!
