News: Optoelectronics
13 May 2021
II-VI and Coherent schedule shareholder votes on merger
Engineered materials and optoelectronic component maker II-VI Inc of Saxonburg, PA, USA and Coherent Inc of Santa Clara, CA (which provides lasers and laser-based technology for scientific, commercial and industrial applications) have provided an update on their merger, announced in late March.
The registration statement on Form S-4, filed on 4 May by II-VI and Coherent in connection with the proposed combination, was declared effective by the US Securities and Exchange Commission (SEC) on 6 May. Accordingly, at special meetings on 24 June, II-VI shareholders and Coherent stockholders of record (as of 17 May) can vote on the related proposals to approve II-VI’s acquisition of Coherent.
II-VI and Coherent have also confirmed the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (as amended), which is one of the key regulatory conditions necessary for completion of this transaction.
The transaction remains on track to close by year-end 2021, subject to customary closing conditions, including receipt of the required regulatory approvals and approval of II-VI’s shareholders and Coherent’s stockholders.
