Coherent Sees Significant Stock Surge On Appointing New CEO
Following the announcement of a new Chief Executive Officer, the stock value of Coherent Corp. (NYSE: COHR) increased significantly, surging by 22.85% to conclude the previous trading day at $70.10. Appointment Of Jim Anderson As CEO Following a comprehensive executive search, the Board of Directors appointed Jim Anderson as the next Chief Executive Officer of […]
Coherent Inc. (COHR) is finalizing its acquisition: II-VI Incorporated (IIVI) Could Be A Buyer
Coherent has received interest from three companies. The Lumentum Holdings Inc. (NASDAQ: LITE) purchased Coherent’s business first, then MKS Instruments, Inc. (NASDAQ: MKSI), retired. Later, Coherent’s management stated that the laser manufacturer II-VI Incorporated (NASDAQ: IIVI) is better. Recently, it became known that Coherent has refused to merge with Lumentum in retaliation for the merger […]