Michael Hurlston

Money Moves

Would join Marvell's board after closing

Marvell Technology agreed on November 2 to buy Lumentum for about $115 billion in stock, offering 4.5 Marvell shares for each Lumentum share. The value of that fixed exchange ratio has since fallen with Marvell's stock: at the November 6 close it was worth about $635 per Lumentum share, down from $1,132 at signing.

Updated 3 days ago