Deals Report: MGM Walks Away From Entain, Lumentum Buys Coherent

The transcript discusses a series of offers made by MGM to Antaine, highlighting the existing partnership and communication between the two companies. Despite the offers, the deal did not materialize, but there is potential for future discussions. The transcript also covers Lumentum's acquisition of Coherent, noting the high premium paid and the market's reaction, with speculation about other bidders influencing the price.

What reactions did shareholders have regarding the premium paid for the acquisition?

What implications does the current semiconductor deal have for future M&A activities?