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MaxLinear Shares Drop After Marvell-Lumentum Deal
MaxLinear shares fall 8.7% as Marvell's $115B Lumentum acquisition sparks semiconductor consolidation fears.
In brief
MaxLinear shares fall 8.7% as Marvell's $115B Lumentum acquisition sparks semiconductor consolidation fears. MaxLinear's stock dropped 8.7% to $61.58 after Marvell's $115B acquisition of Lumentum raised concerns about industry consolidation. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence…
MaxLinear Shares Tumble
MaxLinear shares dropped 8.7% to $61.58 on Monday as Marvell Technology's acquisition of Lumentum sparked semiconductor consolidation concerns.
Marvell-Lumentum Deal Details
Marvell will acquire Lumentum for 4.5 MRVL shares per LITE share in an all-stock transaction valued at $1,132 per share with an implied enterprise value of $115B.
Investor Concerns
Investors worry MaxLinear's market capitalization of $5.6B faces pressure as larger rivals expand through megadeals.
The essence
MaxLinear's stock dropped 8.7% to $61.58 after Marvell's $115B acquisition of Lumentum raised concerns about industry consolidation.
