Amanda Gomez joined Reuters Breakingviews in January 2018. She previously held internships at CNN International and Argentina's Clarín newspaper. She has also worked as a business journalist at TheStreet.com covering the stock market and written about the food industry at trade publication The Food Institute. She completed her master’s degree at Columbia Journalism School in 2017 and has a bachelor’s in journalism and media studies from Rutgers University.
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.
The company behind kitchen-paper brand Bounty grew its sales as customers waged war on dirt. Revenue grew 6% in the fourth quarter, faster than P&G’s annual target. Wipe away the effect of strange times, and P&G ended up more profitable too – but only a little.
BigCommerce has double-digit revenue growth and shrinking losses in a rapidly expanding market. Based on Shopify’s valuation, the software provider that sets up firms’ online stores could be worth $8 bln. But its small size and deep-pocketed competitors warrant caution.