Marvell–Lumentum $115B all-stock deal
Marvell agreed to acquire Lumentum in a $115B all-stock AI optics deal, with both stocks reportedly falling.
What we know
Holders receive a fixed 4.5 Marvell shares per Lumentum share, which was cited as the reason MRVL and LITE are tanking.
How the story developed
03 Nov · 00:16 UTC
Marvell agreed to acquire Lumentum in a $115B all-stock AI optics deal, with both stocks reportedly falling.
02 Nov · 21:16 UTC
An all-stock AI optics deal sent LITE down about 18% and MRVL lower. Traders are split on whether the stock-only structure is bullish or a warning sign.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.