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Stock Market Today, Nov. 2: Marvell Announces $115 Billion All-Stock Acquisition of Lumentum
The Motley Fool·
Marvell Technology announced a $115 billion all-stock acquisition of Lumentum to strengthen its data center offerings for AI infrastructure. The deal sent Marvell shares down 13% as investors expressed concerns over dilution, financing risk, and execution challenges. Lumentum shares fell 18.59% following the announcement.
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