Lumentum Holdings Inc. (LITE) said Coherent, Inc. (COHR) has provided notice of termination of the amended definitive merger agreement with Lumentum. Coherent is required to pay a $217.6 million termination fee to Lumentum.
Lumentum stated that Coherent's Board chose to accept an offer that is inferior in overall value and cash consideration. Lumentum's offer consisted of $230 in cash and 0.6724 shares of Lumentum stock for each share of Coherent. II-VI's offer consisted of $220 in cash and 0.9100 shares of II-VI for each share of Coherent, Lumentum noted.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.