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via finance.yahoo.comCapital Markets

Marvell to buy Lumentum in all-stock deal valued at $115 billion

FROM THE WIRE · FINANCE.YAHOO.COM

Why Lumentum's stock is suddenly tied to Marvell Lumentum Holdings (LITE) is back in focus after Marvell Technology agreed to buy the photonics group in an all stock deal that values Lumentum at roughly US$115b, with shareholders receiving 4.5 Marvell shares for each Lumentum…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralA large cross-sector M&A deal involves two significant tech stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Marvell will acquire photonics group Lumentum in an all-stock deal.
  2. 02Lumentum shareholders will receive 4.5 Marvell shares per Lumentum share.
  3. 03Lumentum shares have fallen about 54% over 30 days.
  4. 04The deal values Lumentum at roughly $115 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Lumentum Holdings Inc.LITEStock538.59 USDMarket closedtoday +5.67%Negative Marvell Technology, Inc.MRVLStock141.20 USDMarket closedtoday +5.73%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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