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Marvell agrees to buy Lumentum in an all-stock deal valued at $115B

Marvell and Lumentum announced Nov. 2 a definitive all-stock deal: each Lumentum share converts to 4.5 Marvell shares, an implied enterprise value of about $115 billion and a 23.9% premium to Oct. 28 prices. Marvell holders would own about 67% of the combined company. Closing is expected in the first half of 2028, pending shareholder and regulatory approvals.

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FIRST SEEN: Nov 2, 2026, 07:15 ET
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Primary source

Lumentum (SEC Form 8-K, Exhibit 99.1)sec.gov/Archives/edgar/data/0001633978/000119312526442758/d163169dex991.htm

Coverage · 5 articles, oldest first

Monday, November 2, 2026

07:15
Bloomberg
Marvell Reaches $115 Billion Deal for Lumentum Holdings
07:38
Financial Times
Marvell to buy data centre component maker Lumentum in $115bn AI bet
09:07
Financial Times
Marvell to buy data centre component maker Lumentum in $115bn AI bet
09:23
CNBC
Marvell to buy Lumentum in all-stock deal, a massive bet on AI connectivity
10:12
SECPrimary
Marvell agrees to buy Lumentum in an all-stock deal valued at $115B

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