Marvell Technology Announces Intent to Acquire Lumentum in $115 Billion All-Stock Deal
Marvell Technology (MRVL) has officially disclosed its intention to acquire Lumentum (LITE) through an all-stock transaction. The deal values Lumentum at an enterprise value of approximately $115 billion, which translates to roughly $1,132 per share. The acquisition follows a period of market speculation regarding a potential merger between the two companies. This strategic move is expected to consolidate Marvell's position within the semiconductor and optical networking sectors.
Topics: M&A Optical Communications Semiconductors
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Part of the story Marvell Technology Announces $115 Billion All-Stock Acquisition of Lumentum Holdings (19 articles)