Marvell in Advanced Talks to Buy Lumentum, Reuters Reports
Marvell shares fell 12.11% in premarket after Reuters reported advanced talks to acquire Lumentum, citing a source familiar with the matter. A deal could be announced as soon as next week.
Marvell Technology NASDAQ:MRVL shares fell 12.11% in premarket after reports that the chipmaker is in advanced talks to buy optical components maker Lumentum Holdings NASDAQ:LITE, with a deal possibly announced as soon as next week, Reuters reported, citing a source familiar with the matter. Lument…