#MarvellLumentumDeal

About MarvellLumentumDeal

Marvell announced an all-stock deal for Lumentum Nov 2 at a ~$115B enterprise value and ~23.9% premium. Combining AI chips, networking and optical technologies, it targets over $1B in annual cost synergies and adjusted EPS accretion in the first year after closing. Shares fell 12.7% and 18.6%, respectively, amid valuation and integration concerns. Closing is expected in H1 2028. Can AI optical demand translate into earnings that justify the price?