SANTA CLARA, CA – Coherent Inc. received an unsolicited cash-and-stock buyout bid from MKS Instruments that would value the laser technology company at about $5.78 billion.
Coherent previously entered into a buyout agreement Jan. 19 with Lumentum Holdings in a deal that was valued at $5.7 billion.
Coherent said it is evaluating MKS's proposal and has not yet determined whether the deal is superior to the Lumentum agreement.
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