Marvell Agrees to Buy Lumentum in $115B Stock Deal
Marvell has agreed to buy Lumentum in a $115 billion deal paid in stock. Stock deals mean shareholders of the company being bought receive shares of the buyer instead of cash. The news was reported by Manufacturing Dive. Details such as timing and approvals were not included in the headline, so more information may follow.
Quick glossaryMarvell, stock deal
- Marvell
- US chip company known for making chips that handle data for data centres and computer networks.
- stock deal
- A purchase paid for mostly with shares of the buying company rather than with cash payments.
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