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II-VI Inc (IIVI.OQ)

IIVI.OQ on NASDAQ Stock Exchange Global Select Market

34.29USD
7 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Finisar Says If Deal Is Terminated Under Specified Circumstances, Fee Of $105.2 Mln Will Be Payable By Co To II-VI INC
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Finisar Corp ::FINISAR SAYS IF DEAL IS TERMINATED UNDER SPECIFIED CIRCUMSTANCES FEE OF $105.2 MILLION WILL BE PAYABLE BY CO TO II-VI INC - SEC FILING.  Full Article

II-VI To Acquire Finisar For About $3.2 Bln In Equity Value
Friday, 9 Nov 2018 

Nov 9 (Reuters) - II-VI Inc ::II-VI INCORPORATED TO ACQUIRE FINISAR, CREATING TRANSFORMATIVE STRATEGIC COMBINATION WITH LEADING POSITIONS IN PHOTONICS AND COMPOUND SEMICONDUCTORS.PROPOSED DEAL FOR $15.60 PER SHARE IN CASH AND 0.2218X SHARES OF II-VI COMMON STOCK.TRANSACTION VALUES FINISAR AT $26.00 PER SHARE, OR APPROXIMATELY $3.2 BILLION IN EQUITY VALUE.PROPOSED DEAL FOR $26.00 PER SHARE.PROPOSED DEAL FOR APPROXIMATELY $3.2 BILLION IN EQUITY VALUE.$150 MILLION OF EXPECTED RUN-RATE COST SYNERGIES REALIZED WITHIN 36 MONTHS OF CLOSE.II-VI - DEAL EXPECTED TO DRIVE ACCRETION IN NON-GAAP EPS FOR FIRST FY POST CLOSE OF ABOUT 10% AND MORE THAN DOUBLE THAT THEREAFTER.INTENDS TO FUND CASH CONSIDERATION WITH COMBINATION OF CASH & $2 BILLION IN FUNDED DEBT FINANCING.THREE FINISAR BOARD MEMBERS WILL BE APPOINTED TO II-VI BOARD, WHICH WILL BE EXPANDED TO 11 DIRECTORS.UPON CLOSING OF DEAL, VINCENT MATTERA WILL CONTINUE TO SERVE AS PRESIDENT AND CEO OF COMBINED COMPANY.  Full Article

II-VI Q1 GAAP Earnings Per Share $0.40
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - II-VI Inc ::ORPORATED REPORTS Q1 FISCAL 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.56.Q1 GAAP EARNINGS PER SHARE $0.40.Q1 EARNINGS PER SHARE VIEW $0.56 -- THOMSON REUTERS I/B/E/S.SEES Q2 2019 ADJUSTED EARNINGS PER SHARE $0.65 TO $0.69.SEES Q2 2019 REVENUE $333 MILLION TO $345 MILLION.SEES Q2 GAAP EARNINGS PER SHARE $0.44 TO $0.48.QTRLY REVENUE $314.4 MILLION VERSUS $261.5 MILLION.Q1 REVENUE VIEW $310.9 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

II-VI Inc posts Q3 Adjusted EPS $0.36
Tuesday, 1 May 2018 

May 1 (Reuters) - II-VI Inc ::REPORTS FISCAL YEAR 2018 THIRD QUARTER EARNINGS.QUARTERLY EARNINGS PER SHARE $0.45.Q3 ADJUSTED EARNINGS PER SHARE $0.36.Q3 EARNINGS PER SHARE VIEW $0.41 -- THOMSON REUTERS I/B/E/S.Q3 REVENUE $295 MILLION VERSUS I/B/E/S VIEW $277.8 MILLION.SEES Q4 2018 EARNINGS PER SHARE $0.37 TO $0.43.OUTLOOK FOR FOURTH FISCAL QUARTER ENDING JUNE 30, 2018 IS REVENUES OF $295 MILLION TO $305 MILLION.  Full Article

II-VI Inc To Buy CoAdna For $85 Mln
Monday, 26 Mar 2018 

March 26 (Reuters) - Ii-Vi Inc ::II-VI INCORPORATED TO ACQUIRE COADNA, A LEADER IN WAVELENGTH SELECTIVE SWITCHES.II-VI INC - DEAL FOR APPROXIMATELY $85 MILLION.II-VI INC - TRANSACTION PRICE INCLUDES ACQUISITION OF COADNA'S APPROXIMATELY $40 MILLION IN CASH.II-VI INC - TRANSACTION IS EXPECTED TO CLOSE IN 3RD CALENDAR QUARTER OF 2018.  Full Article

II-VI Q1 adjusted earnings per share $0.35
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - II-VI Inc ::II-VI incorporated reports fiscal year 2018 first quarter earnings.Q1 adjusted earnings per share $0.35.Q1 GAAP earnings per share $0.32.Q1 revenue $262 million versus I/B/E/S view $255.2 million.Q1 earnings per share view $0.36 -- Thomson Reuters I/B/E/S.II-VI Inc - ‍outlook for second fiscal quarter ending December 31, 2017 is revenue of $272 million to $282 million​.II-VI Inc - ‍outlook for second fiscal quarter ending December 31, 2017 for earnings per share is $0.35 to $0.38​.Q2 earnings per share view $0.40, revenue view $265.5 million -- Thomson Reuters I/B/E/S.  Full Article

II-VI Inc acquires Integrated Photonics for about $45 mln
Tuesday, 20 Jun 2017 

June 20 (Reuters) - II-VI Inc : :Ii-Vi incorporated acquires Integrated Photonics, an innovator of optical isolator materials.Acquisition is valued at approximately $45.0m in cash due at closing with a $2.5m earn out.Company's guidance for quarter is unchanged.Business to be a division of ii-vi photonics segment.  Full Article

Deals of the day-Mergers and acquisitions

Nov 9 The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Friday: