Coherent Inc. News
Coherent Chooses II-VI Bid; Lumentum Says Its Offer Is Superior
II-VI won the bidding war for laser-tech provider Coherent. Lumentum, the loser in the battle, said its offer was better.
Premarket Movers Thursday - Nike, Rite Aid, Lumentum
Stocks moving in premarket trading Thursday include Nike, Rite Aid, Lumentum, RH and GrowGeneration.
Lumentum Increases Bid to Acquire Coherent Inc.
Lumentum raised its bid to acquire Coherent to about $287.50 per share with a Wednesday deadline for acceptance.
Coherent Calls Latest II-VI Bid Superior to Prior Proposals
II-VI lifted its bid for Coherent to a mix of $220 cash and 0.91 share for each Coherent shares. Coherent says the bid is superior to prior proposals.
Premarket Movers Thursday - Williams-Sonoma, Dollar General
Stocks moving in premarket trading on Thursday include Williams-Sonoma, Five Below, PagerDuty and Dollar General.
Coherent Climbs as Lumentum Raises Bid to $6.9 Billion
Coherent shareholders would receive $220 per share in cash and 0.61 shares of Lumentum for each share of Coherent they own.
Premarket Movers Wednesday - Coherent, Plug Power, Coupa, CrowdStrike
Stocks moving in premarket trading on Wednesday include Coherent, CrowdStrike, Plug Power and Coupa Software.
MKSI Abandons Quest to Purchase Laser Company Coherent
MKSI's decision came after Coherent chose the acquisition proposal of II-VI over Coherent and Lumentum. MKSI shares fell.
Coherent Reportedly Seeks Final Bids From II-VI, MKS Next Week
Coherent is the prize in a bidding war among MKS Instruments, II-VI and Lumentum. It seeks final bids from MKS and II-VI next week, a report says.
Coherent Gets Third Buyout Bid, This Time From II-VI
Three companies are fighting to acquire Coherent, the laser seller.
Breaking News
Gas Prices Fall Below $4 A Gallon For the First Time Since March Amid Global Crude Market Declines
Gas prices extended their run of declines to 52 days overnight, falling below $4 a gallon for the first time since early March.
Disney Stock Soars As Streaming Total Tops Netflix, Price Hikes Unveiled For Disney+ and Hulu
"We believe we have plenty of room on price value," Disney CEO Bob Chapek said of the group's streaming price hikes. "And we do not believe that there's going to be any meaningful on our churn as a result."
Disney World Has a Problem Visitors Won't Like
The theme park giant has been trying to make changes and that has caused some issues for its guests.
Papa John's Has a Bizarre New Menu Item
The pizza giant goes someplace pizza fans may not want to follow but Domino's, Pizza Hit, and Little Caesars don't sell this.