Marvell Technology, Inc. has agreed to acquire Lumentum Holdings Inc. in a multi-step merger transaction, according to an Agreement and Plan of Merger filed with the SEC.
The agreement, dated November 1, 2026, is structured as a two-step merger. Java Merger Sub, Inc., a subsidiary of Marvell, will merge into Lumentum Holdings, with Lumentum surviving as a wholly owned subsidiary of Marvell. Promptly afterward, that surviving entity will merge into a second Marvell subsidiary, Java Merger Sub II, Inc., which will continue as the second surviving corporation and remain a wholly owned subsidiary of Marvell.
Under the terms of the agreement, Lumentum's common stock, its Series A Preferred Stock, and its outstanding equity awards will be converted into the right to receive merger consideration as specified in the filing.
The filing states that Marvell's board of directors unanimously approved the agreement and the transactions it contemplates, including the merger, a charter amendment, and a share issuance, and determined these actions to be in the best interests of Marvell and its stockholders. The board also resolved to recommend that Marvell stockholders approve the charter amendment and share issuance.
Lumentum's board of directors likewise unanimously approved the agreement and the merger, determined the transaction to be in the best interests of the company and its stockholders, and resolved to recommend that Lumentum stockholders adopt the agreement.
The boards of both merger subsidiaries also approved the agreement and resolved to recommend that Marvell, as sole stockholder of each subsidiary, adopt it.
According to the filing, the parties intend for the two mergers, taken together, to qualify as a single reorganization under Section 368(a) of the Internal Revenue Code and have adopted the agreement as a plan of reorganization under corresponding Treasury regulations.
$MRVLMarvell TechnologyPrice197.90 USD ▼5.08%Net sentiment+0.07Bullish61%Mentions · 30d433 ▲400%Samplen=433Avg volume609,392View on the dashboardFinazon · prior-day close, indicative (IEX-derived, not the official close) · Oct 30, 2026
$LITELumentum HoldingsPrice842.82 USD ▼4.38%Net sentiment+0.12Bullish73%Mentions · 30d59Samplen=59Avg volume206,144View on the dashboardFinazon · prior-day close, indicative (IEX-derived, not the official close) · Oct 30, 2026