08 04 2016

Coherent Acquires Rofin-Sinar Technologies for $942 Million

Barclays is acting as financial advisor to Coherent and Wilson Sonsini Goodrich & Rosati PC is acting as legal advisor. Greenhill & Co., LLC is acting as financial advisor to ROFIN, and Norton Rose Fulbright US LLP is acting as legal advisor. Davis Polk is advising Greenhill & Co., LLC


Coherent, Inc. (“Coherent”) (NASDAQ:COHR), a world leader in lasers and laser-based technology for scientific, commercial and industrial customers, and ROFIN-SINAR Technologies, Inc. (“ROFIN”) (NASDAQ:RSTI), one of the world’s leading developers and manufacturers of high-performance industrial laser sources and laser-based solutions and components, today announced that their Boards of Directors have unanimously approved a definitive agreement under which Coherent will acquire ROFIN for $32.50 per share in cash, in a transaction valued at approximately $942 million. ROFIN is a leader in the development and manufacturing of lasers for laser-based industrial material processing applications. The Company possesses a broad portfolio of innovative technologies and its product offerings include solid-state lasers, fiber lasers, diode lasers as well as an extensive range of pulsed laser products and CO2 lasers, delivering solutions to a global customer base. Davis Polk is advising Greenhill & Co., LLC acting as financial adviser to Rofin-Sinar Technologies, Inc. The Davis Polk corporate team included partner John H. Butler (Picture) and associate Taylor Thompson. Involved fees earner: John Butler - Davis Polk & Wardwell; Taylor Thompson - Davis Polk & Wardwell;

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