Plus   Neg

Lumentum In Advanced Talks To Acquire Coherent : Report

Lumentum Holdings Inc. (LITE) is in advanced talks to acquire laser maker Coherent Inc. (COHR), the Wall Street Journal reported citing people familiar with the matter. A cash-and-stock deal could be announced this week.

The Journal said it could not learn exact terms of the deal, but Coherent had a market value of $3.71 billion as of Friday's close, while Lumentum's was $8.03 billion.

Santa Clara, California-based Coheren designs, manufactures and markets laser systems and components, optics, and laser control and measurement, which are used in semiconductor and microelectronics manufacturing, industrial manufacturing, defense, space, and scientific research. It was founded in 1966.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walmart Inc. has launched a nationwide drive to boost COVID-19 vaccination rates by reaching out to more residents in vulnerable communities. The retail giant will organize a series of community events at 43 locations in 18 states to administer the COVID-19 vaccine. Walmart said it plans to continue these new events over the next several weeks as vaccine allocations allow. Pfizer Inc. (PFE) and OPKO Health Inc. (OPK) announced Friday that the European Medicines Agency or EMA has validated for review the Marketing Authorization Application for somatrogon. Pfizer expects a decision from the European Commission in 2022. The company said somatrogon is a long-acting recombinant... German telecom giant Deutsche Telekom AG reported Friday strong growth in fourth-quarter profit mainly driven by T-Mobile US results following the takeover of the competitor Sprint. Looking ahead for fiscal 2021, the company projects higher adjusted EBITDA AL, a key earnings metric.
Follow RTT