NYSE:COHRElectronic
Coherent Refocuses On Datacenter Growth After Bystronic Sale And Debt Cut
Coherent (NYSE:COHR) has completed the sale of its Tools for Materials Processing unit to Bystronic.
Management plans to use the proceeds to reduce debt and concentrate on core markets, including datacenter and communications.
The transaction represents a reshaping of Coherent's business mix beyond the usual quarterly earnings developments.
For you as an investor, this move helps clarify what Coherent wants to be known for going forward. The company operates across photonics and electronic...