M&A · Tech · Communications Equipment, NEC
Marvell Technology, Inc. to acquire Lumentum Holdings Inc.
Announced Nov 2, 2026 · Announced
Deal value$115.00BEV $115.00B
Premium23.9%To unaffected price
EV / Adj. EBITDA—38.2x EV / Revenue
ConsiderationAll stock$1,132.00 per share
Transaction
- Acquirer
- Marvell Technology, Inc. (MRVL)
- Target
- Lumentum Holdings Inc. (LITE)
- Buyer type
- Strategic
- Offer price per share
- $1,132.00
- Enterprise value
- $115.00B
- Status
- Announced
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- $5.80B · 5.0%
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Qatalyst, JPMorgan, Goldman Sachs
- To the target
- Citigroup, Evercore
Sector context · Tech
- Comparable deals
- 69 in the prior 24 months
- Premium
- 23.9% vs. 42.3% sector median
- EV / Adj. EBITDA
- Sector median 15.5x
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedNov 2, 2026
- ClosedPending