Nov 2, 8:09 AM ET
Marvell Technology, Inc. entered into a definitive merger agreement with Lumentum Holdings Inc. on November 1, 2026. Under the terms of the agreement, Lumentum will merge into a subsidiary of Marvell, with Lumentum stockholders receiving 4.500 shares of Marvell common stock for each share of Lumentum common stock.
- On November 1, 2026, Marvell entered into a merger agreement with Lumentum Holdings Inc.
- Lumentum common stock will be converted into the right to receive 4.500 shares of Marvell common stock.
- Marvell will be required to pay Lumentum a termination fee equal to $5.8 billion under certain specified termination circumstances.
Read the filing on SEC.gov ↗
Nov 2, 8:06 AM ET
Marvell Technology has entered into a definitive agreement to acquire Lumentum Holdings in an all-stock transaction with an implied enterprise value of $115 billion for Lumentum. Lumentum stockholders will receive 4.500 shares of Marvell common stock for each share owned, and the deal is expected to close in the first half of calendar year 2028. Additionally, Marvell reported preliminary revenue for the third quarter of fiscal 2027.
- Lumentum stockholders will receive a fixed exchange ratio of 4.500 Marvell shares per Lumentum share.
- The transaction carries an implied enterprise value of $115 billion for Lumentum, representing about $1,132 per share.
- Post-closing, Marvell stockholders will own approximately 67% and Lumentum stockholders approximately 33% of the combined company.
- The deal is expected to close in the first half of calendar year 2028, pending approvals.
Read the filing on SEC.gov ↗
Oct 23, 4:05 PM ET
Marvell Technology entered a Third Amended and Restated Revolving Credit Agreement on October 22, 2026, with Bank of America, N.A. as administrative agent. The facility provides up to $3 billion in revolving loans, with an option to increase commitments by up to $2 billion, and it replaces the prior $1.5 billion facility; no loans were outstanding at signing.
- Facility size: up to $3 billion, expandable by up to $2 billion, subject to conditions.
- Replaces the Second Amended and Restated Revolving Credit Agreement dated June 30, 2025, which provided a $1.5 billion facility maturing June 2030.
- Matures on the fifth anniversary of the effective date, with a possible one-year extension request; no Revolving Loans were outstanding at the effective date.
- Maximum leverage ratio of 4.00 to 1.00, which may rise to 4.50 to 1.00 for four quarters after an acquisition of at least $500 million.
Read the filing on SEC.gov ↗
Sep 25, 4:35 PM ET
Marvell Technology's board declared a quarterly dividend of $0.06 per share, announced on September 25, 2026. The payment goes to holders of record as of October 9, 2026, and the company said future dividends depend on its results, cash, financial condition and other factors the board considers relevant.
- Quarterly dividend of $0.06 per share on common stock
- Payable October 29, 2026 to holders of record as of October 9, 2026
- Applies to preferred stock on an as-converted-to-common basis
- Future dividends are subject to results, cash balances, financial condition and Delaware law requirements
Read the filing on SEC.gov ↗
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