SPY412.27-3.80 -0.91%
DIA338.12-3.18 -0.93%
IXIC13,818.41-131.81 -0.94%

BRIEF-Lumentum Announces Revised Proposal For Coherent

· 03/17/2021 05:23
BRIEF-Lumentum Announces Revised Proposal For Coherent

- Lumentum Holdings Inc LITE.O:

  • LUMENTUM ANNOUNCES REVISED PROPOSAL FOR COHERENT

  • SILVER LAKE TO MAKE A $1 BILLION EQUITY INVESTMENT IN THE COMBINED COMPANY

  • AT CLOSING, TWO MEMBERS OF COHERENT BOARD AND ONE MEMBER OF SILVER LAKE WILL BE APPOINTED TO LUMENTUM BOARD

  • REVISED PROPOSAL TO ACQUIRE COHERENT IN A CASH AND STOCK TRANSACTION VALUED AT $6.9 BILLION

  • LUMENTUM-LUMENTUM INTENDS TO FINANCE CASH PORTION OF TRANSACTION THROUGH A COMBINATION OF CASH ON HAND FROM THE COMBINED COMPANY'S BALANCE SHEET

  • WILL ALSO GET $3.25 BILLION IN NEW DEBT FINANCING FROM A FULLY COMMITTED TERM LOAN B

Source text for Eikon: ID:nPn3Vg5B4a

Further company coverage: LITE.O


((Reuters.Briefs@thomsonreuters.com;))