II-VI Incorporated (IIVI)

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Coherent Corp. (NYSE:IIVI ) Q4 2023 Results Conference Call August 16, 2023 9:00 AM ET Company Participants Paul Silverstein - VP, IR Dr. Chuck Mattera - Chairman and CEO Mary Jane Raymond - CFO Dr. Giovanni Barbarossa - Chief Strategy Officer and President, Materials Segment Dr. Mark Sobey - Laser Segment, President Conference Call Participants Samik Chatterjee - JPMorgan Simon Leopold - Raymond James Meta Marshall - Morgan Stanley Vivek Arya - Bank of America Tom O'Malley - Barclays Jed Dorsheimer - William Blair Christopher Rolland - Susquehanna Ananda Baruah - Loop Capital Ruben Roy - Stifel Dave Kang - B. Riley Jim Ricchiuti - Needham & Company Tim Savageaux - Northland Capital Markets Mike Genovese - Rosenblatt Securities Operator Good day and thank you for standing by.

PITTSBURGH, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a leader in optical communications technology, today announced the introduction of its ultrahigh-resolution telemetry module, or optical channel monitor (UHR-OCM), for embedded performance monitoring in optical transport systems transmitting at up to 800G and beyond.

PITTSBURGH, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a global leader in optical communications components and subsystems, today announced the introduction of its 200 Gbps indium phosphide (InP) electro-absorption modulated lasers (EMLs) for high-speed datacenter transceivers.

PITTSBURGH, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a leader in pump laser technology for optical networks, today announced the introduction of its I-Temp micro-pump lasers for extended ambient temperature operation in broadband optical access networks.

PITTSBURGH, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a leader in photonics for communications and aerospace & defense, today announced that it has won a Defense Advanced Research Projects Agency (DARPA) contract to develop coherent optical transceiver technology for the agency's Space-Based Adaptive Communications Node (Space-BACN) program. The aim of Space-BACN is to create low-cost, high-speed, reconfigurable, laser-based data links that will enable communications between various government and private-sector low-Earth-orbit (LEO) satellite constellations.

PITTSBURGH, Sept. 08, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, today announced a corporate name change to Coherent Corp. (Nasdaq: COHR) and a new brand identity, following the successful completion of II-VI's acquisition of Coherent, Inc., on July 1, 2022.

CUPERTINO, Calif.--(BUSINESS WIRE)--Apple® today announced a new $410 million award from its Advanced Manufacturing Fund for II-VI, a leading manufacturer of optical technology. Today's award builds on an initial $390 million awarded from Apple's Advanced Manufacturing Fund in 2017. The expansion of the company's long-standing relationship will create additional capacity and accelerate delivery of future components for iPhone®, with 700 jobs in Sherman, Texas; Warren, New Jersey; Easton, Pennsy

NEW YORK, March 31, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Coherent, Inc. ("Coherent" or the "Company") (NASDAQ: COHR) in connection with the proposed acquisition of the Company by II-VI Incorporated ("IIVI") (NASDAQ: IIVI).  Under the terms of the merger agreement, IIVI will acquire Coherent in a mixed cash-and-stock transaction, pursuant to which Coherent shareholders will receive $220.00 in cash and 0.91 shares of IIVI common stock for each Coherent share that they own, representing implied per-share merger consideration of approximately $280.59 based upon IIVI's March 30, 2021 closing price of $66.58.

$250 million in annual cost synergies expected to be realized within 36 months of closing Anticipated to be accretive to Non-GAAP EPS in second year following closing

SANTA CLARA, Calif., March 25, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) today announced that its board of directors has determined, after consultation with its financial and legal advisors, that the previously disclosed acquisition proposal Coherent received from II-VI Incorporated (NASDAQ: IIVI) on March 17, 2021 continues to be a "Company Superior Proposal" under Coherent's March 9, 2021 merger agreement with Lumentum Holdings Inc. (NASDAQ: LITE) after giving due consideration to the revised acquisition proposal Coherent received from Lumentum on March 22, 2021.

Believes Current Proposal Remains Superior Believes Current Proposal Remains Superior

SAN JOSE, Calif., March 18, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that it has received notice from Coherent, Inc. (NASDAQ: COHR) ("Coherent") of its Board of Directors' determination that an unsolicited acquisition proposal from II–VI Incorporated (NASDAQ: IIVI) ("II-VI") to acquire Coherent in a cash and stock transaction constitutes a "Company Superior Proposal" as defined in the previously announced amended definitive merger agreement with Lumentum entered into on March 9, 2021 and Coherent's intention to terminate such merger agreement.

SANTA CLARA, Calif., March 18, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) today confirmed receipt of a revised acquisition proposal from II-VI Incorporated (NASDAQ: IIVI).

SANTA CLARA, Calif., March 12, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) today announced that the company's board of directors, in consultation with its financial and legal advisors, has determined that a revised acquisition proposal Coherent received from II-VI Incorporated (NASDAQ: IIVI) on March 11, 2021 constitutes a "Company Superior Proposal" under the terms of Coherent's pending revised merger agreement with Lumentum Holdings Inc. (NASDAQ: LITE) dated March 10, 2021.

SANTA CLARA, Calif., Feb. 16, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) today announced that its board of directors has determined to engage in discussions with II-VI Incorporated (NASDAQ: IIVI) in response to its unsolicited proposal to acquire Coherent in a transaction where...