II-VI completed the acquisition of Coherent for $7bn.

II-VI, a manufacturer of optical materials and semiconductors, completed the acquisition of Coherent, a global company that manufactures and sells a variety of laser- based photonic products, for $7bn. “I would like to thank Andy Mattes for his leadership of Coherent and enabling a very successful integration planning process. I am also very excited to announce a new direction for our brand: We plan for the combined company to be named Coherent. We will soon announce the date of the launch of our new brand identity," Vincent D. Mattera, Jr., II-VI CEO.