News alert: Marvell to buy Lumentum for $115B
Monday, November 2, 2026
Marvell Technology agreed to acquire optical components maker Lumentum in an all-stock deal valued at $115 billion, the companies said Monday. Lumentum shareholders will receive about $1,132 per share, a 23.9% premium to its Oct. 28 closing price, and will own roughly a third of the combined company. The deal is the largest M&A transaction of 2026 and is expected to close in the first half of 2028, pending shareholder and regulatory approvals.
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