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BusinessQuiet 11d · day 12

Marvell, Lumentum shareholders pan merger as 'trash offer'

Both companies' shareholders criticize the all-stock deal announced Monday, sending stock prices down.

newest coverage 11d agosummary written 11d ago4 pieces NewswiresGoogle News

What to know

  • Marvell announced an all-stock deal to acquire Lumentum on Monday, November 2.
  • Shareholders from both companies immediately criticized the merger terms as significantly undervalued.
  • Stock prices for both companies declined following the announcement, signaling investor dissatisfaction with the deal structure.

Marvell Technology Acquiring companyLumentum Holdings Target company

How it unfolded 2 developments, newest first · click a bar or a number to jump articles

Peak 2 pieces in 3h at Nov 2, 7 AM; 4 pieces over 12 days (4 articles) Nov 2, 7 AM — 2 pieces · 2 articles — Newswires 2Nov 2, 10 AM — quietNov 2, 1 PM — quietNov 2, 4 PM — 2 pieces · 2 articles — Google News 1, Newswires 1Nov 2, 7 PM — quietNov 2, 10 PM — quietNov 3, 1 AM — quietNov 3, 4 AM — quietNov 3, 7 AM — quietNov 3, 10 AM — quietNov 3, 1 PM — quietNov 3, 4 PM — quietNov 3, 7 PM — quietNov 3, 10 PM — quietNov 4, 1 AM — quietNov 4, 4 AM — quietNov 4, 7 AM — quietNov 4, 10 AM — quietNov 4, 1 PM — quietNov 4, 4 PM — quietNov 4, 7 PM — quietNov 4, 10 PM — quietNov 5, 1 AM — quietNov 5, 4 AM — quietNov 5, 7 AM — quietNov 5, 10 AM — quietNov 5, 1 PM — quietNov 5, 4 PM — quietNov 5, 7 PM — quietNov 5, 10 PM — quietNov 6, 1 AM — quietNov 6, 4 AM — quietNov 6, 7 AM — quietNov 6, 10 AM — quietNov 6, 1 PM — quietNov 6, 4 PM — quietNov 6, 7 PM — quietNov 6, 10 PM — quietNov 7, 1 AM — quietNov 7, 4 AM — quietNov 7, 7 AM — quietNov 7, 10 AM — quietNov 7, 1 PM — quietNov 7, 4 PM — quietNov 7, 7 PM — quietNov 7, 10 PM — quietNov 8, 1 AM — quietNov 8, 4 AM — quietNov 8, 7 AM — quietNov 8, 10 AM — quietNov 8, 1 PM — quietNov 8, 4 PM — quietNov 8, 7 PM — quietNov 8, 10 PM — quietNov 9, 1 AM — quietNov 9, 4 AM — quietNov 9, 7 AM — quietNov 9, 10 AM — quietNov 9, 1 PM — quietNov 9, 4 PM — quietNov 9, 7 PM — quietNov 9, 10 PM — quietNov 10, 1 AM — quietNov 10, 4 AM — quietNov 10, 7 AM — quietNov 10, 10 AM — quietNov 10, 1 PM — quietNov 10, 4 PM — quietNov 10, 7 PM — quietNov 10, 10 PM — quietNov 11, 1 AM — quietNov 11, 4 AM — quietNov 11, 7 AM — quietNov 11, 10 AM — quietNov 11, 1 PM — quietNov 11, 4 PM — quietNov 11, 7 PM — quietNov 11, 10 PM — quietYesterday, 1 AM — quietYesterday, 4 AM — quietYesterday, 7 AM — quietYesterday, 10 AM — quietYesterday, 1 PM — quietYesterday, 4 PM — quietYesterday, 7 PM — quietYesterday, 10 PM — quietToday, 1 AM — quietToday, 4 AM — quietToday, 7 AM — quietToday, 10 AM — quietToday, 1 PM — quietToday, 4 PM — quietToday, 7 PM — quiet ◂ 1 earlier2
Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9Nov 10Nov 11yesterdaynow · 9:13 PM ET
  1. 2

    Stock prices decline following announcement

    Shares of both Marvell and Lumentum fell in trading after the merger was announced, reflecting market skepticism about the deal's valuation.

    “It's a trash offer…”
    — Shareholders (collective), Marvell and Lumentum shareholders · source
  2. 1

    Shareholders from both companies pan the merger terms

    Shareholders of Marvell and Lumentum united in criticism of the deal, with investors characterizing the offer as undervalued and unacceptable.

    1. 2 outlets Marvell and Lumentum shareholders unite in panning merger deal: ‘It’s a trash offer’

      first by MarketWatch, 11d ago · also Dow Jones Newswires

  3. background

    Marvell announces all-stock acquisition of Lumentum — Marvell Technology reached an agreement to acquire Lumentum Holdings in an all-stock transaction.