Marvell Technologies Considering All-Stock Acquisition of Lumentum with Limited Premium
Marvell Technologies (MRVL) is reportedly exploring a potential acquisition of Lumentum Holdings (LITE). According to reports from CNBC, the proposed transaction would be structured as an all-stock deal and is expected to offer a limited premium over Lumentum's current share price. Following news of the potential merger, Lumentum shares experienced a decline of 3.9%. The market reaction suggests investor caution regarding the valuation and the dilutive nature of an all-stock transaction.
Topics: Mergers and Acquisitions Stock Market Movement
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Part of the story Marvell Technology Announces $115 Billion All-Stock Acquisition of Lumentum Holdings (19 articles)