Lumentum Holdings

The ongoing bidding war for Coherent between Lumentum, II-VI, and MKS Instruments continues to develop.

The race to acquire Coherent has taken another turn as II-VI announced that it too has made an offer for the laser technology firm.

Lumentum is to acquire Coherent for $5.7bn, bringing the latter’s photonics and lasers businesses into the former’s telecom, datacom, and 3D sensing photonics businesses.

Lumentum has entered into an agreement with passive optical component supplier, Advanced Fiber Resources (AFR) where the latter will acquire certain assets from the former.

Lumentum and Cambridge Industries USA have entered into a strategic partnership.

LightCounting has released its June 2018 Quarterly Market Update Report. Amongst the key findings, the specialist market research company cites ZTE as ‘an early casualty of the unfolding trade war’ and warns that some sales will be impacted in Q2 of 2018.

Lumentum Holdings and Oclaro have reached an agreement, on which the former will acquire all of the outstanding common stock of the latter. 
 
For each share of Oclaro stock held, The holder will be entitled to receive $5.60 in cash and 0.0636 of a share of Lumentum common stock, subject to the terms. The transaction values Oclaro at $9.99per share or approximately $1.8 billion in equity value, based on the closing price of Lumentum's stock on 9 March 2018.