Marvell Plans Stock-Swap Acquisition of Lumentum, Expected to Complete in First Half of 2028

Techub News reports that Marvell has reached an acquisition agreement with Lumentum, with Lumentum shareholders receiving 4.5 shares of Marvell stock for each share they hold. The transaction is expected to be completed in the first half of 2028. Marvell CEO Murphy stated that this deal is a move to further support the Nvidia ecosystem, and the merger of two key suppliers will benefit this ecosystem; he also responded to external doubts about Nvidia's circular transactions. (CNBC)