India, Nov. 2 -- Marvell Technology, Inc. (MRVL), a fabless semiconductor company, said Monday that it has agreed to acquire optical and photonic products maker Lumentum Holdings Inc. (LITE) in an all-stock deal with an implied enterprise value of $115 billion.
Under the terms of the agreement, Lumentum shareholders will receive 4.5 shares of Marvell stock for each share they own.
The deal represents a premium of approximately 23.9% based on the companies' unaffected closing share prices on October 28, 2026, valuing each Lumentum share at approximately $1,132.
Marvell said the combination will bring together its electrical and optical interconnect, switching and custom silicon technologies with Lumentum's high-performance lasers and opti...