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Marvell Slides 3%, Lumentum Drops 6% on $115 Billion All-Stock Merger Deal; Coherent Climbs 2%
Source: 247wallst.com
M&A & RestructuringArtificial IntelligenceTechnology & Innovation
Marvell Technology is acquiring Lumentum Holdings in an all-stock deal focused on AI data center optics. Shares of both companies are sliding as investors assess the deal price; the article provides no transaction value or magnitude of the declines.
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