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Materials processing: merger benefits
Coincident with the Coherent acquisition saga, II-VI has just announced the opening of a new applications laboratory for industrial lasers in Suzhou, China. If it does come to pass, a merger with Coherent would roughly double II-VI's existing market presence in the industrial laser sector, according to an analysis by private equity giant Bain Capital. Bain has pledged to invest up to $2 billion in the combined company, in the form of dividend-bearing preferred stock. Image: II-VI.
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