🔴 Marvell Technology is trading 11.53% down today as investors weigh its $115 billion Lumentum deal

Marvell Technology is trading at $14.66 (-11.53%), as market coverage linked the decline to its Lumentum deal.

• On November 2, Marvell announced a $115 billion all-stock acquisition; Lumentum shareholders are set to own about 33% of the combined company.
• The deal aims to expand AI data-center connectivity; reporting does not establish how much of the Argentine CEDEAR’s move reflects the deal versus its underlying U.S. shares.