Marvell to acquire Lumentum in $ all-stock deal
Marvell and Lumentum announced a definitive agreement under which Marvell will acquire Lumentum through an all-stock transaction, with each Lumentum share receiving 4.5 Marvell shares. Existing Marvell shareholders would own about 67% of the combined company and Lumentum shareholders about 33%, with closing expected in the first half of 2028 subject to shareholder and regulatory approvals.
The proposed merger would combine Marvell’s electrical and optical interconnect, custom XPU and advanced semiconductor capabilities with Lumentum’s lasers, optical transceivers, optical circuit switching and compound-semiconductor manufacturing for AI infrastructure connectivity.
Marvell 與 Lumentum 達成最終協議，Marvell 將透過全股票交易方式收購 Lumentum。
根據協議，Lumentum 股東持有的每 1 股普通股，將可換取固定比例 4.500 股 Marvell 普通股。本次交易對 Lumentum 的隱含企業價值為 1,150 億美元，相當於每股 Lumentum 普通股約 1,132 美元。
以 10 月 28 日、雙方未受消息影響的收盤股價計算，收購溢價約為 23.9%。交易完成後，以完全稀釋基礎計算，現有 Marvell 股東將持有合併後公司約 67% 股權，Lumentum 股東則持有約 33%。交易預期於 2028 年上半年完成，還需要獲得雙方股東及監管機構批准。