The acquirer also fell 12.7%—what exactly is the market afraid of in this deal?
Marvell announced last night that it would acquire Lumentum in an all-stock deal valued at about $115 billion, including debt. Lumentum, the company being acquired, fell 18.6%, while buyer Marvell also dropped 12.7%. Reuters said analysts are questioning the scale of the deal.
My take: the entire tech sector was already taking a beating yesterday, and this deal felt like one more blow to sentiment. On perpetuals, 169 was yesterday’s low; I’ll look to 200 for a rebound. If it can’t hold above that, I’ll consider it just a technical recovery.
Do you think they overpaid, or has the drop created an opportunity?
$MRVL $LITE
#美股 #半导体 #U.S.StocksEarnings
Personal observations only; not investment advice
Marvell announced last night that it would acquire Lumentum in an all-stock deal valued at about $115 billion, including debt. Lumentum, the company being acquired, fell 18.6%, while buyer Marvell also dropped 12.7%. Reuters said analysts are questioning the scale of the deal.
My take: the entire tech sector was already taking a beating yesterday, and this deal felt like one more blow to sentiment. On perpetuals, 169 was yesterday’s low; I’ll look to 200 for a rebound. If it can’t hold above that, I’ll consider it just a technical recovery.
Do you think they overpaid, or has the drop created an opportunity?
$MRVL $LITE
#美股 #半导体 #U.S.StocksEarnings
Personal observations only; not investment advice
