Marvell to Acquire Lumentum in $115 Billion All-Stock Deal
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On November 2, 2026, Marvell and Lumentum announced a definitive agreement under which Marvell will acquire Lumentum in an all-stock transaction, aiming to create a leader in AI interconnect. Under the deal terms, Lumentum shareholders will receive 4.500 Marvell shares for each Lumentum share, implying an enterprise value of approximately $115 billion, or about $1,132 per share, a premium of roughly 23.9% over Lumentum's unaffected closing price on October 28, 2026. The event is currently at the announcement stage, with no reports yet on subsequent approvals or deal completion.
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- Marvell Optical Interconnect and Official AnnouncementsSelectedMarvell and Lumentum to Combine, Creating a Category Leader in AI Connectivity
Marvell and Lumentum announced a definitive agreement under which Marvell will acquire Lumentum in an all-stock deal. Lumentum shareholders will receive 4.500 Marvell shares per share, implying an enterprise value of $115 billion, or about $1,132 per share, a premium of roughly 23.9% over the unaffected closing price on October 28, 2026.
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