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Coherent Ditches Lumentum Deal, Sides With Rival $6.5B Bid

By McCord Pagan (March 8, 2021, 6:39 PM EST) -- Laser tools and systems developer Coherent Inc. said in regulatory filings Monday it's ending its previously announced $5.7 billion deal to be bought by Lumentum Holdings Inc. in favor of a competing proposal from II-VI Inc. worth $6.5 billion....

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