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.
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.
Cisco Systems Stock Leaps On Q4 Earnings Beat, 2023 Sales Outlook As Supply Chain Pressures Ease
"Overall supply constraints began to ease slightly at the back half of the fourth quarter and continuing into the start of the first quarter," said CEO Chuck Robbins.
Apple Preparing For iPhone 14 Launch On September 7 - Report
Bloomberg reported late Wednesday that Apple is eyeing a September 7 launch date for its new iPhone 14 series.
Bed, Bath & Beyond Stock Dives As Ryan Cohen Moves to Sell Entire Stake
Ryan Cohen, who pushed for changes at Bed, Bath & Beyond including the ouster of CEO Mark Tritton, is looking to dump his entire 11.8% stake in the struggling home retailer.
Elon Musk Takes a Controversial Stand on Gender Equality
The richest man in the world sees himself as a global CEO, speaking his mind on just about anything.