Deals
Lumentum CEO Tells Staff Optics And Electronics Are Colliding, And The Lumentum Brand Will Vanish Into Marvell
Lumentum holders get 4.5 Marvell shares each and a 33% stake in the combined company, with Matt Murphy staying CEO.
LITE
Lumentum Holdings (LITE) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Markets
Lumentum Stock Plunges 10%, Wiping Out $7.4 Billion, As Marvell Agrees To Buy It In $115 Billion Deal
Marvell's all-stock offer carries a roughly 24% premium, but the deal is not expected to close until the first half of calendar 2028.
Deals
Marvell Would Owe Lumentum $5.8 Billion If It Walks Away Or Backs A Rival Bid
The merger agreement adds a $3.2 billion regulatory fee, a reciprocal $2.9 billion Lumentum fee and three Marvell board seats for Lumentum directors.
Deals
Lumentum Tells Customers Nothing Changes Until Its Marvell Deal Closes, Expected In 12-18 Months
A customer email says contacts, contracts and orders stay put while the $115 billion all-stock deal moves toward shareholder votes.
Earnings
Lumentum Revenue Jumps 136.5% To $1.26 Billion, And Its CEO Sees Roughly $350 Million More Next Quarter
Pump lasers and optical circuit switches led the quarter, and the company forecast second-quarter revenue of $1.575 billion to $1.625 billion.
SEC Filings
Lumentum's Proxy: CEO Pay Is 1,478 Times The Median Worker's, And A $7.76 Billion Debt Charge Drives A Huge Loss
The annual proxy filing shows an $8.67 adjusted share profit alongside a $92.96 per-share loss under standard accounting.