News: Optoelectronics
3 May 2022
II-VI Inc and Coherent refile Premerger Notification and Report Form
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 refiled their Premerger Notification and Report Form (‘HSR Notification’) with the Federal Trade Commission and the US Department of Justice, in connection with the pending acquisition of Coherent by II-VI.
The HSR Notification, which triggers a 30-day review period, was made prior to the one-year expiration of II-VI’s and Coherent’s initial HSR Notification filed last year. The parties continue cooperative discussions with the State Administration for Market Regulation of China (SAMR), and the decision to refile the HSR Notification is due to the parties’ updated view of the anticipated timing of formal approval from SAMR.
Other than the foregoing, there are no other open regulatory closing conditions to the proposed merger, and II-VI and Coherent now expect the closing of the merger to occur prior to 30 June.
II-VI’s shareholder and Coherent’s stockholders approve merger
