Marvell Technology (MRVL) on Monday announced a deal to buy Lumentum (LITE) in an all-stock transaction worth $115 billion, confirming media reports from last week. Marvell stock and Lumentum stock fell both fell on the news. Under the terms of the deal, Lumentum shareholders will receive 4.5 shares of Marvell for each LITE share. That implies a purchase price of…
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