-- Lumentum to acquire Coherent in a $5.7 billion cash and stock transaction
-- Brings together highly complementary, best-in-class portfolios and teams to accelerate photonic innovation, and significantly expands Lumentum's penetration of the more than $10 billion market for lasers and photonics outside of communications and 3D sensing
-- Expected to deliver more than $150 million in annual run-rate synergies within 24 months of transaction close, and be accretive to non-GAAP earnings per share during the first full year after closing
-- Lumentum and Coherent announce strong preliminary financial results
-- The companies to host conference call today at 5:30 A.M. PT / 8:30 A.M. ET
PR Newswire
SAN JOSE, Calif., and SANTA CLARA, Calif., Jan. 19, 2021
