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Marvell to acquire optical component maker Lumentum in massive $115B deal

SiliconANGLENovember 2, 20264 min read

Marvell Technology Inc. today announced plans to acquire Lumentum Holdings Inc. for $115 billion, in one of the largest deals in tech history. Lumentum investors are set to receive 4.5 Marvell shares for every unit of stock they own. That translates to about $1,132 per share, which is 23.9% higher than the company’s last unaffected […] The post Marvell to acquire optical component maker Lumentum in massive $115B deal appeared first on SiliconANGLE.

Marvell Technology Inc. today announced plans to acquire Lumentum Holdings Inc. for $115 billion, in one of the largest deals in tech history. Lumentum investors are set to receive 4.5 Marvell shares for every unit of stock they own. That translates to about $1,132 per share, which is 23.9% higher than the company’s last unaffected stock price. Marvell provides networking equipment for data centers and telecommunications infrastructure. Many of…

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