Lumentum’s stock pops as investors cheer a possible sale to Marvell

Lumentum Holdings shares rose 5.5% in premarket trading as investors anticipated a potential acquisition by Marvell Technology. Bloomberg reported that an agreement between the companies could come the following week. Analysts identified strategic logic in a potential combination of the two semiconductor companies.

• MarketWatch — Lumentum’s stock pops as investors cheer a possible sale to Marvell
• MarketWatch — Marvell is reportedly close to buying Lumentum. Analysts say they see logic in a potential deal.

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