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Marvell in advanced talks to buy Lumentum, Bloomberg News reports - Reuters

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In short

The potential transaction involves Marvell absorbing Lumentum following recent discussions reported by Bloomberg News. These talks are considered advanced, indicating that the parties have progressed beyond preliminary interest. However, specific financial terms and closing conditions have not yet been made public.

Key points

  • The ongoing corporate discussions have progressed to an advanced stage between both entit…: The ongoing corporate discussions have progressed to an advanced stage between both entities.
  • Full details regarding the final transaction agreement have not yet been released.: Full details regarding the final transaction agreement have not yet been released.
  • Reporting on the prospective purchase originates from coverage by Bloomberg News.: Reporting on the prospective purchase originates from coverage by Bloomberg News.

Marvell in advanced talks to buy Lumentum, Bloomberg News reports    Reuters

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