Marvell Technology announced an all-stock deal to acquire Lumentum Holdings valued at $11.5 billion, offering a 23.9% premium on Lumentum's share price as of October 28. Despite the premium, some Lumentum shareholders criticized the offer, calling it "trash." The deal's final value will depend on Marvell's stock price. This acquisition aims to combine the two tech companies, but shareholder dissatisfaction could pose challenges ahead.
Following the backlash from Lumentum shareholders over the merger offer, both companies' stocks have seen significant declines on Pluang. As of Nov 03, 2026 06:51 WIB, Marvell Technology (MRVL) trades at USD 174.70, down 11.05% for the day, while Lumentum (LITE) is priced at USD 690.29, falling 17.89%. The strong sell activity on Pluang reflects investor caution, with 52% of orders selling MRVL and 70% selling LITE.
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Ademi LLP is investigating whether Marvell's proposed acquisition of Lumentum, valued at about $115 billion or $1,132 per share, offers fair value to Lumentum shareholders. The law firm is examining the purchase price, benefits to company insiders, r...
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