Coherent closes on Rofin acquisition
Lasers and laser-based technology developer and manufacturer Coherent has completed its acquisition of Rofin-Sinar Technologies.
Lasers and laser-based technology developer and manufacturer Coherent (NASDAQ: COHR; Santa Clara, CA) has completed its acquisition of Rofin-Sinar Technologies (NASDAQ: RSTI), which develops and manufactures high-performance industrial laser sources and laser-based solutions and components.
Coherent will pay $32.50 per share in cash, in a transaction valued at approximately $942 million. Coherent is funding the transaction with a combination of cash on hand and proceeds from a seven-year, €670 million secured term loan B. As a result of the acquisition, Rofin common stock will no longer trade on the Nasdaq Stock Market and Frankfurt Stock Exchange.
For more information, please visit www.coherent.com.