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Marvell to acquire Lumentum in all-stock deal focused on AI optics
Marvell's offer had an implied value of about $771 per Lumentum share at its November 2 close, one investor calculates.
TLDR
The deal would pair Marvell with Lumentum's optical technology for moving data between AI servers. One Lumentum investor says it offers 4.5 Marvell shares per Lumentum share and calculates that the implied value fell from $1,132, based on Marvell's October 28 close, to about $771 at its November 2 close.
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