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Business

Vandana Singh

Coherent Eyes Core Growth Markets Following Defense Unit Sale

Coherent Jim Anderson Advent COHR Coherent Corp United States

Coherent

On Wednesday, Coherent Corp. (NYSE:COHR) agreed to sell its Aerospace and Defense business to Advent, a private equity investor, for $400 million.

Proceeds will be used to reduce debt and will be immediately accretive to Coherent’s EPS.

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