Date:	--/--/-- --:--:--
Event Id:	E5LGU4BFL
Action Type:	MERGER
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	LITE
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	1.132
Price Per Share Currency:	USD
News References:	https://www.businesswire.com/news/home/20261102374788/en/

Action Notes

Marvell Technology, Inc. (NASDAQ: MRVL) and Lumentum (NASDAQ: LITE) today announced that they have entered into a definitive agreement for Marvell to acquire Lumentum in an all-stock transaction. Under the terms of the agreement, Lumentum stockholders will receive a fixed exchange ratio of 4.500 shares of Marvell common stock for each share of Lumentum common stock they own. The transaction has an implied enterprise value of $115 billion for Lumentum, representing approximately $1,132 per share of Lumentum common stock and a premium of approximately 23.9% based on each company's unaffected closing share price as of October 28, 2026, the last trading day before market speculation regarding a potential transaction began. Post-closing, current Marvell stockholders will own approximately 67% of the combined company on a fully diluted basis, while Lumentum stockholders will own approximately 33%.