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Marvell in Deep Talks to Acquire Lumentum, Bloomberg Reports

citing people familiar with the matter, reported that Marvell is in deep discussions to acquire Lumentum.

LITEMRVL

Story updates

10:03:07 PM UTC
SquawkNews
UPDATE 2-マーベル、ルメンタム買収へ最終協議=ブルームバーグ報道 株式情報と詳細を追加 [ 10月28日 ロイター] - ブルームバーグ・ニュースは水曜日、事情に詳しい関係者らの話として、マー
10:05:23 PM UTC
SquawkNews
By Elias SchisgallShares of Marvell Technology fell after Bloomberg reported that the company is in advanced talks to buy Lumentum Holdings, a manufacturer of optics products for data centers.Marvell shares were down 9.3% to $228.31 in after-hours trading on Wednesday. The stock closed up 3.3% to…
10:08:45 PM UTC
SquawkNews
By Britney NguyenAn agreement between the companies could come next week, Bloomberg reportsLumentum and Marvell both engage in optical technologies.Shares of Lumentum Holdings were climbing in Wednesday's extended trading as the optical-networking company emerged as a potential takeover target.Marv…