NYSE:COHRElectronic
Coherent Faces Ownership Shift As Texas Grant Supports Growth Plans
Bain Capital plans to sell a sizable stake in Coherent, trimming its ownership in NYSE:COHR.
Texas has awarded Coherent a $14.1 million grant to expand indium phosphide wafer manufacturing at its Sherman facility.
The grant targets increased capacity for datacenter and communications applications tied to Coherent’s Texas operations.
Coherent, which last closed at $223.69, has seen strong share price moves, with NYSE:COHR up 6.0% over the past week, 20.8% over the past month, 15.1% year to...