for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Optical component maker II-VI to bid nearly $6.5 bln for Coherent - WSJ

Feb 12 (Reuters) - II-VI Inc, an opto-electronic component maker, is planning to bid nearly $6.5 billion for laser manufacturer Coherent Inc by Friday, the Wall Street Journal reported citing people familiar with the matter.

II-VI plans to offer $260 a share for Coherent, which would include $130 in cash and the rest in II-VI shares, the report said.

Both the companies did not immediately respond to Reuters requests for comment. (Reporting by Ayanti Bera in Bengaluru; Editing by Shailesh Kuber)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up