Investigation announced for Investors in Coherent, Inc. (NASDAQ: COHR) over possible Wrongdoing in Takeover

An investigation was announced concerning whether the takeover of Coherent, Inc. is unfair to NASDAQ: COHR stockholders.

Investors who purchased shares of Coherent, Inc. (NASDAQ: COHR) and currently hold any of those NASDAQ: COHR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Coherent, Inc. breached their fiduciary duties owed to NASDAQ: COHR investors in connection with the proposed acquisition.

Santa Clara CA based Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial research applications. On March 10, 2021, Coherent, Inc. (NASDAQ: COHR) announced that it has entered into a revised merger agreement with Lumentum Holdings Inc. (NASDAQ: LITE). Under the terms of the revised merger agreement, each share of Coherent common stock will be exchanged for $175.00 in cash and 1.0109 shares of Lumentum common stock at the completion of the transaction. Based on a closing price of $85.69 per NASDAQ: LITE shares, investors in NASDAQ: COHR shares will receive a value of approximately $261.62 per share.
However, the investigation concerns whether the offer is unfair to NASDAQ: COHR stockholders. More specifically, the investigation concerns whether the Coherent Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Those who are current investors in Coherent, Inc. (NASDAQ: COHR) shares have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.