Marvell to buy Lumentum for $115 billion in all-stock deal
FROM THE WIRE · FINANCE.YAHOO.COM
Marvell Technology on Monday announced a deal to buy Lumentum in an all-stock transaction worth $115 billion. Continue Reading
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralA record-size merger of listed companies that can move both stocks and the AI connectivity sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Marvell Technology announced on Monday a deal to buy Lumentum.
- 02The transaction is all-stock and worth $115 billion.
- 03The combined group is positioned as an AI connectivity leader.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Marvell Technology, Inc.180.06 USD-1.92%today -8.32%Negative Lumentum Holdings Inc.726.07 USD-2.41%today -13.64%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets