MRVL

Ruslan Averin: Marvell falls 12.7% after $115 billion all-stock Lumentum deal; chip index drops 3.4%

Marvell Lumentum deal: $115B all-stock takeover at 4.5 MRVL shares each; MRVL fell 12.7% to $171.41, LITE 18.6%, SOX 3.4% on 2 November.