Renegotiated Merger Proceeds

The most likely path is that Marvell and Lumentum keep the strategic transaction alive but adjust the economics after the collapse in Marvell’s share price. A collar, revised exchange ratio, or modest structural protection would address Lumentum shareholder frustration while preserving Marvell’s AI optical interconnect rationale.

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