15B implied EV — but both stocks tank as the Street balks at dilution, antitrust …" /> 15B / ~,132 per Lumentum share, 23.9% premium to Oct 28 unaffected closes; fixed exchange ratio 4.500 MRVL per LITE; MRVL holders ~67% / LITE holders ~33% fully diluted post-close; >B annual run-rate cost synergies and non-GAAP EPS accretion in year 1; targeted close 1H calendar 2028 subject to shareholder + regulatory approvals; Matt Murphy stays Chairman/CEO, 3 Lumentum directors incl. CEO Michael Hurlston join 7-member Marvell board; MRVL -12.72% to 71.41 and LITE -18.59% to $684.40 on day as market worries about dilution, long close timeline and antitrust risk — Philadelphia Semi Index (SOX) -3.37% to 10,328.33" /> 15B implied EV — but both stocks tank as the Street balks at dilution, antitrust …" /> 15B / ~,132 per Lumentum share, 23.9% premium to Oct 28 unaffected closes; fixed exchange ratio 4.500 MRVL per LITE; MRVL holders ~67% / LITE holders ~33% fully diluted post-close; >B annual run-rate cost synergies and non-GAAP EPS accretion in year 1; targeted close 1H calendar 2028 subject to shareholder + regulatory approvals; Matt Murphy stays Chairman/CEO, 3 Lumentum directors incl. CEO Michael Hurlston join 7-member Marvell board; MRVL -12.72% to 71.41 and LITE -18.59% to $684.40 on day as market worries about dilution, long close timeline and antitrust risk — Philadelphia Semi Index (SOX) -3.37% to 10,328.33" /> 15B implied EV — but both stocks tank as the Street balks at dilution, antitrust …" />