8-KOther EventsExhibits & Filings

COHERENT CORP. 8-K Report, Corporate Update (Sep 20, 2019)

Filed September 20, 2019For Securities:COHR

Summary

This Form 8-K filing by II-VI Incorporated (COHR) reports a significant development in its proposed acquisition of Finisar Corporation. The company announced on September 20, 2019, that it has received antitrust clearance from the People's Republic of China's State Administration for Market Regulation (SAMR). This is a crucial regulatory approval that paves the way for the transaction to close. II-VI expects the acquisition to be finalized on or about September 24, 2019. This clearance signifies a major hurdle overcome in the acquisition process, bringing II-VI closer to integrating Finisar's business and realizing the anticipated synergies. Investors should monitor the final closing of this transaction and its subsequent impact on II-VI's market position and financial performance.

Key Highlights

  • 1II-VI Incorporated (COHR) announced receipt of antitrust clearance from China's SAMR for the Finisar acquisition.
  • 2This regulatory approval is a key step towards completing the proposed merger.
  • 3The closing of the acquisition of Finisar is anticipated for on or about September 24, 2019.
  • 4The company previously announced the Merger Agreement with Finisar on November 8, 2018.
  • 5A joint press release regarding the SAMR clearance is filed as an exhibit.
  • 6The filing includes extensive forward-looking statements and risk factors associated with the transaction and future performance.

Frequently Asked Questions

The primary purpose of this filing is to announce that II-VI Incorporated has obtained antitrust clearance from the People's Republic of China's State Administration for Market Regulation (SAMR) for its proposed acquisition of Finisar Corporation.

II-VI Incorporated expects the acquisition of Finisar to close on or about September 24, 2019.

The SAMR approval is a critical regulatory hurdle that has been cleared. Obtaining antitrust clearance from major global regulators like China's SAMR is essential for the successful completion of the acquisition.

Investors can find more detailed information in the Form S-4 registration statement, which includes a joint proxy statement/prospectus, previously filed with the SEC. Additional risk factors are also detailed in the companies' respective Annual Reports on Form 10-K.