8-KOther EventsExhibits & Filings

COHERENT CORP. 8-K Report, Corporate Update (Feb 12, 2021)

Filed February 12, 2021For Securities:COHR

Summary

This 8-K filing by Coherent Corp. (COHR) reports that II-VI Incorporated (now Lumentum) has submitted a non-binding proposal to acquire all outstanding shares of Coherent. The proposed offer consists of $130.00 in cash and 1.3055 shares of II-VI common stock per Coherent share. This announcement signals a significant potential development for Coherent shareholders, introducing a compelling offer that warrants careful consideration and due diligence. Investors should note that this is a proposal and not a definitive agreement. The filing also includes extensive forward-looking statements and risk factors related to the potential transaction, covering aspects such as regulatory approvals, financing, integration challenges, and market conditions. Shareholders are urged to closely follow future filings and disclosures from both companies for updates on the negotiation status and terms of any potential business combination.

Key Highlights

  • 1II-VI Incorporated has proposed to acquire Coherent, Inc. for $130.00 cash and 1.3055 shares of II-VI common stock per Coherent share.
  • 2The proposal was delivered to Coherent's Board of Directors on February 12, 2021.
  • 3This filing includes a press release and a letter to Coherent's board detailing the acquisition proposal.
  • 4The transaction is subject to various conditions, including regulatory approvals, financing, and successful integration.
  • 5II-VI has outlined numerous risk factors associated with the potential acquisition in the filing.
  • 6Investors are strongly encouraged to review all future SEC filings from both companies regarding this potential transaction.

Frequently Asked Questions

The main event is the announcement that II-VI Incorporated has submitted a proposal to acquire Coherent, Inc. for a combination of cash and II-VI stock.

The proposed offer is $130.00 in cash and 1.3055 shares of II-VI common stock for each outstanding share of Coherent common stock.

No, this is a proposal and not a definitive agreement. The transaction is subject to various conditions, including negotiations, board approvals, regulatory approvals, financing, and other factors. Investors should monitor future SEC filings for updates.

II-VI has detailed numerous risks, including failure to secure approvals, financing difficulties, potential integration challenges, market risks, and the possibility that the transaction may not be completed or may have different terms than initially proposed.