Lumentum's cash-and-stock deal for Coherent represents a 49% premium to the company's closing stock price on Jan. 15
NEW YORK: Laser and optical fiber specialist Lumentum Holdings Inc said on Tuesday it would acquire laser manufacturer Coherent Inc in a US$5.7 billion deal, as it looks to penetrate deeper into the fast-growing laser and photonics market.
Lumentum's cash-and-stock deal for Coherent represents a 49% premium to the company's closing stock price on Jan. 15.
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