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Marvell Technology shares mixed on news of Lumenum acquisition negotiations

MarketWatch +1 · ·by G4L

MRVL Marvell Technology Inc
$154.39 -0.14%
View chart & analysis →
LITE -1.78% NVDA -5.47% AVGO +3.91%
  1. 1Reports indicate that Marvell Technology is engaged in advanced negotiations to acquire Lumenum.
  2. 2Marvell Technology shares fell 11% on Thursday.
  3. 3Lumenum shares rose 5% on Thursday.

So what's the key point?

News arrived that Marvell Technology is in deep discussions to buy Lumenum. Following this news, Marvell Technology's stock price fell 11% and Lumenum's stock price rose 5%.

Source MarketWatch +1 · View original ↗

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