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Marvell Slides 3%, Lumentum Drops 6% on $115 Billion All-Stock Merger Deal; Coherent Climbs 2%
Marvell Technology (NASDAQ:MRVL) is acquiring Lumentum Holdings (NASDAQ:LITE). The all-stock agreement is reshaping the map of AI data center optics, and both companies are sliding as the market considers the price. Shares of Marvell trade at $190.43 in morning trading, down 3%. Lumentum stock is at $788.51, down 6%, an unusual reaction for a takeover […]
Marvell Technology (NASDAQ:MRVL) is acquiring Lumentum Holdings (NASDAQ:LITE). The all-stock agreement is reshaping the map of AI data center optics, and both companies are sliding as the market considers the price. Shares of Marvell trade at $190.43 in morning trading, down 3%. Lumentum stock is at $788.51, down 6%, an unusual reaction for a takeover […]
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