Marvell in Advanced Talks to Acquire Lumentum

✦ Meridian Analysis

Marvell Technology Inc. is in advanced, privately held talks to acquire Lumentum Holdings Inc., the data‑center optics specialist, according to people familiar with the matter. The discussion is at a stage where an announcement could be made as early as next week, but no formal agreement or regulatory filing has been disclosed. Lumentum, valued at roughly $83 billion, is the target. Deal professionals will be watching for the announcement of price terms, the mix of cash versus equity, and the financing structure that will underpin a transaction of this size. Information on advisers, antitrust clearances and the expected closing timetable has not been disclosed.

The Meridian Weekly