Marvell to Acquire Lumentum in All-Stock Deal
The companies announced a definitive agreement for Marvell to acquire Lumentum in an all-stock transaction. Lumentum stockholders will receive a fixed exchange ratio of 4.500 shares.
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12:09:04 PM UTC
SquawkNews
Marvell agreed to acquire Lumentum in an all-stock transaction with an implied enterprise value of $115B. Lumentum shareholders will receive 4.500 Marvell shares per share, a 23.9% premium to unaffected October 28, 2026 closing prices; closing is expected in H1 2028, subject to approvals.Material D…