
Marvell agrees to buy Lumentum in an all-stock deal valued at $115 billion to bulk up in AI data-centre optics
Lumentum holders get 4.5 Marvell shares each, about $1,132 a share and a 23.9% premium to the October 28 close; Marvell holders would own about 67% of the combined company, and the deal needs shareholder and regulatory approval, with closing expected in the first half of 2028.




