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12 February 2021 By Amanda Gomez, Robert Cyran

Coherent’s $6.4 bln takeover offer from II-VI is the laser maker’s third in a month. Original bidder Lumentum looks outgunned, since II-VI and MKS have more strategic fit and can theoretically afford to offer more. But Coherent is already overpriced, and passions are kicking in.

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