Shares of Marvell Technology and Lumentum Holdings fell Monday after the companies announced an all-stock merger agreement. According to a press release, the deal values Lumentum at $115 billion, or $1,132 per share. It represents a premium of approximately 23.9% over the share price on October 28. Marek Mscichowski, a Lumentum shareholder, called the proposal a “trash offer.”
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