Marvell reportedly advances talks to acquire Lumentum
Marvell Technology is reportedly in advanced talks to acquire Lumentum Holdings, with the transaction potentially announced as soon as next week. Lumentum's value in the proposed deal was cited at approximately $83 billion, while Marvell's market capitalization was cited at roughly $221 billion. The report drove a sharp after-hours move in both companies' shares.
Why it matters
The proposed transaction would link Marvell's semiconductor business with Lumentum's optical networking technology, but the materials do not report a signed agreement. StoneX and Jefferies had set Lumentum price targets of $1,200 and $1,250, respectively, before the acquisition report.
Key facts
- 1Marvell Technology is reportedly in advanced talks to acquire Lumentum Holdings. seekingalpha.com
- 2The transaction could be announced as soon as next week. seekingalpha.com
- 3Lumentum's market value in the proposed transaction was cited at approximately $83 billion. investing.com
- 4Marvell's market capitalization was cited at roughly $221 billion. investing.com
- 5StoneX had a $1,200 price target for Lumentum, while Jefferies had a $1,250 target. investing.com
Open questions
- The reported after-hours share moves differ across the materials: Lumentum rose 15% and Marvell fell 11% in, Lumentum rose 9% and Marvell fell 7% in, and Lumentum rose 11.8% in.
- The materials describe advanced acquisition talks, not a completed or signed transaction.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.