II-VI Incorporated

Coherent has received an unsolicited acquisition bid from II-VI that is superior to the $5.7 billion offer from Lumentum.

II-VI acquired Ascatron, a Swedish manufacturer of SiC material and devices, on August 12, 2020. Terms of the transaction were not disclosed.

II-VI Inc signed a multi-year agreement worth over $100 million to supply silicon carbide substrates for GaN RF power amplifiers used in 5G wireless base stations. This is II-VI's largest ever agreement.

II-VI obtained antitrust clearance from China for its acquisition of Finisar, with closing expected on or about September 24, 2019. The deal has an equity value of approximately $3.2 billion.

II-VI Inc and Finisar Corp announced the results of elections by Finisar stockholders regarding the form of merger consideration in their pending acquisition, with about 80.2% electing cash consideration.

II-VI Incorporated has agreed to acquire Finisar Corporation in a cash and stock transaction valued at approximately $3.2 billion. The transaction is expected to close in mid-2019.