Deal Is Recut

Marvell and Lumentum keep the transaction alive but acknowledge that the stock-for-stock structure no longer works at the original headline value. A revised agreement with more cash, a collar, or fewer Marvell shares becomes the most practical path to preserve strategic control of Lumentum’s AI optical assets.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.