SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Coherent, Inc. (Nasdaq – COHR)

BALA CYNWYD – March 25, 2021 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Coherent, Inc. (“Coherent” or the “Company”) (Nasdaq – COHR) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by II-VI Incorporated (Nasdaq – IIVI). Under the terms of the merger agreement, Coherent stockholders will receive $220.00 per share in cash and 0.91 shares of II-VI common stock for each Coherent share they own.

The investigation concerns whether the Coherent Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether II-VI is paying too little for the Company. For example, using the closing prices as of March 24, 2021, the previous Lumentum Holdings Inc. (“Lumentum”) offer had a value of $283.12, while the value of the II–VI offer is $281.21. Also, pursuant to the terms of the previous Lumentum agreement, Coherent is required to pay a $217.6 million termination fee to Lumentum.

If you own shares of Coherent stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, , or call toll free 855-576-4847.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.