ChipsWall Street Journalabout 2 hours ago
Marvell Agrees to Buy Lumentum for $115 Billion
2 min read
Marvell Technology agrees to acquire Lumentum in an all-stock deal valued at $115 billion, expected to close in the first half of 2028. Lumentum shareholders receive 4.500 Marvell shares per unit, a 23.9% premium as of October 28, 2026. Projected annual cost synergies exceed $1 billion, while Marvell narrows its Q3 2027 revenue guidance range.
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