Coherent terminated its merger agreement with Lumentum on March 9, 2021, accepting II-VI's offer to buy the company for $220 per share in cash and 0.91 shares of II-VI common stock. The transaction is expected to close in the fourth quarter of 2021. Coherent will pay Lumentum compensation in the amount of $217.6 million.
Coherent terminated its merger agreement with Lumentum on March 9, 2021, accepting II-VI's offer to buy the company for $220 per share in cash and 0.91 shares of II-VI common stock. The transaction is expected to close in the fourth quarter of 2021. Coherent will pay Lumentum compensation in the amount of $217.6 million. 
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