Marvell announced an all-stock acquisition of Lumentum for 115000000000 USD, sending both companies' shares sharply lower
According to a PANews morning report, after Marvell announced an all-stock acquisition of Lumentum for 115000000000 USD, shares of both companies plunged, and the Philadelphia Semiconductor Index fell 3.37%. The report also mentioned the day of the U.S. midterm elections and the earnings schedules of several technology companies.