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via finance.yahoo.comBusiness & Companies

Marvell to acquire Lumentum in $115 billion all-stock deal

FROM THE WIRE · FINANCE.YAHOO.COM

Marvell Technology (MRVL) has agreed to acquire optical and photonic products maker Lumentum (LITE) Keep reading this article with Yahoo Finance Plus Silver Upgrade to Silver Silver Premium news Full access to Financial Times and MT Newswires articles Stock picks Expert picks…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralA large M&A deal in optical and photonic components that affects the stocks involved.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Marvell Technology has agreed to acquire Lumentum.
  2. 02Lumentum makes optical and photonic products.
  3. 03The deal is all-stock and worth $115 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Marvell Technology, Inc.MRVLStock180.06 USD-1.92%today -8.32%Negative Lumentum Holdings Inc.LITEStock726.07 USD-2.41%today -13.64%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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