Marvell (MRVL) Stock Falls 10% Ahead of $115B Lumentum Acquisition
Photo: CoinCentral
TLDR Marvell will buy Lumentum in an all-stock deal valued at $115 billion. Lumentum holders get 4.500 Marvell shares for each Lumentum share, a 23.9% premium. Marvell closed at $196.40 on Friday, down 10.05%, and sits at $197.50 pre-market. The deal is expected to close in the first half of 2028. Marvell expects more than $1 billion in annual cost synergies. Marvell Technology (MRVL) agreed to buy Lumentum (LITE) in an all-stock deal valued at $115 billion. The announcement came Monday. Marvell Technology, Inc., MRVL Marvell stock closed at $196.40 on Friday, down $21.94, or 10.05%.
Source: CoinCentral
