Coherent to buy Rofin in deal valued at about $942 million

March 16, 2016 9:26 PM

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Laser tools and systems maker Coherent Inc (COHR.O) said it would buy laser developer and manufacturer Rofin-Sinar Technologies Inc (RSTI.O) in a deal valued at about $942 million.

Coherent will buy Rofin for $32.50 per share in cash, a 41.9 percent premium to Rofin's close on Wednesday.

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