[Marvell to Acquire Lumentum in All-Stock Transaction] Odaily Planet Daily reports that Marvell Technology and Lumentum have reached a definitive agreement for Marvell to acquire Lumentum in an all-stock transaction. Under the agreement, Lumentum shareholders will receive 4.5 shares of Marvell common stock for every 1 share they hold. Upon completion of the transaction, existing Marvell shareholders will hold approximately 67% of the combined company, while Lumentum shareholders will hold approximately 33%. The transaction is expected to close in the first half of 2028, subject to approval from shareholders of both companies and regulatory authorities. Marvell anticipates that the merger will generate over $1 billion in cost synergies annually and will increase non-GAAP earnings per share in the first year after completion. The combined company's target market size is projected to expand to $550 billion.