Marvell Technology Agrees to Acquire Lumentum Amid Regulatory Uncertainty
MRVL Marvell Technology Inc
$154.39 -0.14%
View chart & analysis → - 1Marvell Technology has agreed to acquire Lumentum, offering an acquisition price of $1,132 per share.
- 2Lumentum recorded a revenue growth rate of 137% in the previous quarter.
- 3Bank of America downgraded Marvell's rating due to a lengthy review process including China.
So what's the key point?
Marvell Technology has agreed to buy Lumentum for $1,132 per share. However, experts lowered Marvell's rating because the review process involving China could be long.
Source The Motley Fool +1 · View original ↗
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