Military/industrial component maker II-VI (IIVI -3.2%) comes in with an unsolicited offer to...

|About: II-VI Incorporated (IIVI)|By:, SA News Editor

Military/industrial component maker II-VI (IIVI -3.2%) comes in with an unsolicited offer to acquire instrument supplier Zygo (ZIGO +45.4%) for $10/share, a 35.5% premium over Wednesday's close. With Zygo trading at 10.73, investors likely expect the bid to rise.