Coherent Evaluates Strategic Alternatives For Lithium Sulfur Battery Platform
Portfolio Pulse from Benzinga Newsdesk
Coherent is evaluating strategic alternatives for its lithium sulfur battery platform, which could include a sale, partnership, or other options. This move is part of Coherent's efforts to focus on its core businesses and maximize shareholder value.
October 28, 2024 | 12:32 pm
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Coherent is considering strategic alternatives for its lithium sulfur battery platform, which may involve a sale or partnership. This decision is aimed at focusing on core businesses and enhancing shareholder value.
The evaluation of strategic alternatives for the lithium sulfur battery platform suggests potential positive outcomes such as a sale or partnership, which could enhance Coherent's focus on core businesses and increase shareholder value. This is likely to have a positive short-term impact on COHR's stock price.
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