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MKS Drops Bid for Laser-Tech Producer Coherent

·2 min read
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MKS Instruments said on Monday that it was abandoning its quest to buy laser-technology company Coherent . The decision came after Coherent chose a proposal to be acquired by II-VI IIVI, which makes engineered materials. Coherent also set a deadline by which Lumentum must at least match II-VI's proposal.