Optical components maker II-VI jumps into fray for Coherent with $6.4 billion bid

Optical components maker II-VI Inc has offered to buy laser maker Coherent for about $6.4 billion, entering a bidding war for a larger share of a market tipped to benefit from rising adoption of 5G networks and consumer electronics.

Coherent agreed to a $5.7 billion deal with optical fiber specialist and Apple Inc supplier Lumentum Holdings last month, and weeks later received a $6 billion rival offer from MKS Instruments.