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Coherent tags laser rival Rofin-Sinar

Mar 17, 2016 - The Deal Pipeline
Mergers and Acquisitions

Laser tool developer Coherent Inc. (COHR) said late Wednesday, March 16, it would acquire rival Rofin-Sinar Technologies Inc. (RSTI) in a deal valued at $942 million.

Terms of the deal call for Santa Clara, Calif.-based Coherent to pay $32.50 per share in cash for Rofin, a premium of 41.9% to the target's Wednesday closing price. Rofin makes a range of solid-state, fiber and diode lasers, generating $519.6 million in revenue in 2015. The company, a one-time wholly owned subsidiary ...