The transaction is subject to approval by Coherent's and Lumentum's stockholders, receipt of regulatory approvals in China and South Korea and other customary closing conditions. The applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has already expired. The transaction is expected to close in the second half of calendar year 2021. The Coherent board of directors unanimously recommends that Coherent's stockholders vote FOR the proposed merger with Lumentum at the stockholder meeting that will be convened to vote on the merger. Bank of America and Credit Suisse are serving as financial advisors to Coherent, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor. About Coherent Founded in 1966, Coherent, Inc. is a global provider of lasers and laser-based technology for scientific, commercial and industrial customers.