Marvell and Lumentum shareholders unite in panning merger deal: ‘It’s a trash offer’
Summary
Marvell and Lumentum shares declined on Monday following the announcement of an all-stock acquisition agreement between the two firms. Investors from both sides strongly criticized the proposed transaction, dismissing the merger offer as completely unacceptable.
Shares of both companies fell Monday after Marvell said it reached an all-stock agreement to buy Lumentum.
Source: Read the full story at MarketWatch.com - Top Stories
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