Coherent, Inc. Announces Repurchase of up to 1.271M Shares Through Dutch Auction

Coherent, Inc. COHR today announced that it commenced a modified "Dutch Auction" tender offer to purchase up to 1,271,100 shares of its common stock at a price per share not less than $53.00 and not greater than $59.00. The tender offer commenced on February 10, 2011 and is scheduled to expire on March 11, 2011, unless extended. The number of shares proposed to be purchased in the tender offer represents approximately 5.0 percent of Coherent's currently outstanding shares. Tenders of shares must be made prior to the expiration of the tender offer and may be withdrawn at any time prior to that time.