Marvell Technology, Inc. (MRVL) Form 8-K — Nov 2, 2026
Marvell Technology entered into a definitive merger agreement on November 1, 2026 to acquire Lumentum Holdings in an all-stock transaction, with each Lumentum share converting into 4.500 Marvell shares. Lumentum will become a wholly owned Marvell subsidiary via a two-step merger structure, and Marvell's board unanimously approved the deal. The deal requires approval from both companies' stockholders — Marvell holders must also approve a charter amendment increasing authorized shares — plus HSR clearance and other regulatory approvals. Lumentum will designate three directors to join the Marvell board at closing.
Key figures
- Outside Date
- November 1, 2027 (extendable to August 1, 2028)
- Exchange Ratio
- 4.5
- Board Designees
- 3
- Marvell Termination Fee
- $5.8 billion
- Lumentum Termination Fee
- $2.9 billion
- Regulatory Termination Fee
- $3.2 billion
- Lumentum Common Shares Outstanding
- 90684914
- Lumentum Series APreferred Shares Outstanding
- 2876415
- Lumentum RSUShares
- 1565041
- Lumentum Options Shares
- 203017
- Lumentum PSUShares Target
- 693004
- Convertible Notes Conversion Shares
- 7271887
AI analysis
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