Marvell agrees to acquire Lumentum

Bitget2026/11/02 13:40

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Marvell agreed to acquire Lumentum in a transaction valuing the target at an implied enterprise value of $115 billion.
Target stockholders will receive 4.5 Marvell common shares per common share held, implying approximately $1,132 per share.
The valuation represents a premium of approximately 23.9% to unaffected closing share prices on October 28, 2026.
Closing is expected in the first half of 2028; target stockholders would own approximately 33% of the combined company.
Annual run-rate cost synergies are projected above $1 billion; Marvell expects non-GAAP earnings-per-share accretion in the first year following closing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lumentum Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-442758), on November 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Marvell agrees to acquire Lumentum

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