• Marvell will acquire Lumentum in an all-stock transaction with an implied enterprise value of $115 billion, combining electrical and optical connectivity technologies.
• Lumentum stockholders will receive a fixed exchange ratio of 4.5 Marvell common shares per share, implying approximately $1,132 per Lumentum share.
• The offer represents an approximately 23.9% premium to unaffected closing prices on October 28, 2026.
• Closing is expected in the first half of 2028, with existing Marvell stockholders owning approximately 67% of the combined company.
• The transaction targets over $1 billion in annual run-rate cost synergies and is expected to boost non-GAAP earnings per share in year one.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marvell Technology Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202611020705BIZWIRE_USPR_____20261102_BW374788) on November 02, 2026, and is solely responsible for the information contained therein.