Deals
Coherent Asks for Offers in Bidding War Next Week
- MKS and II-VI have been asked to submit final bids next week
- Bidding war has already driven Coherent stock up 60%
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The rare, three-party bidding war for laser-maker Coherent Inc. could be coming to a head soon.
The Santa Clara, California-based company has asked MKS Instruments Inc. and II-VI Inc. to submit final bids by late next week, according to people familiar with the matter.