Marvell Technology Group is trading 13.25% lower at $218.29 after reports of advanced talks to acquire Lumentum.
- Reuters confirmed Bloomberg reported the talks; a deal could be announced as soon as next week, but no final agreement has been reached.
- Investors appear concerned about the deal’s size and financing, while broader technology-market weakness may add pressure. The reported acquisition talks are the clearest company-specific catalyst for the decline.