Marvell Technology Group is trading at $147.74, down 7.55%, amid investor concern over its all-stock Lumentum acquisition.
- The fixed exchange ratio has no price protection, and Marvell’s declining share price has weakened the offer’s value. Marvell has fallen more than semiconductor peers since the deal announcement.
- Semiconductor weakness is also weighing on the stock amid concerns about tighter data-center regulation following the U.S. midterm elections.