MarvellMarkets2026-11-03
Marvell's $115B Lumentum Deal Sinks Both Stocks
Marvell is buying Lumentum for $115B in stock, with Lumentum holders receiving 4.5 Marvell shares for each Lumentum share, a premium of about 23.9% (Marvell press release and 8-K; CNBC, 2 Nov 2026). On the announcement day, Marvell fell 13% and Lumentum fell 18.6% (Reuters). The deal is the biggest merger ever between two public tech companies, per Axios.
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- Primaryhttps://investor.marvell.com/news-events/press-releases/detail/1040/marvell-and-lumentum-to-combine-creating-a-category-leader-in-ai-connectivity
- Alsohttps://investor.marvell.com/sec-filings/all-sec-filings/content/0001193125-26-442717/d352474d8k.htm
- Alsohttps://www.cnbc.com/2026/11/02/marvell-to-buy-lumentum-in-115-billion-deal-in-ai-data-center-bet-.html
- Alsohttps://www.investing.com/news/stock-market-news/wall-street-futures-rise-as-ai-stocks-catch-their-breath-midterms-in-focus-4990733
- Alsohttps://www.axios.com/2026/11/02/marvell-lumentum-merger