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Why Marvell Technology Stock Plunged 28.1% This Week
Source: fool.com
M&A & RestructuringTechnology & InnovationCompany Fundamentals
Marvell agreed to acquire Lumentum in a $115 billion all-stock transaction announced Monday. The terms call for 4.5 Marvell shares per Lumentum share and would expand Marvell’s total share count by roughly 50%, a substantial dilution; the article provides no further details on deal rationale or expected financial effects.
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