CNBC's David Faber reports that Marvell $MRVL's potential acquisition of Lumentum $LITE is expected to be an all-stock deal, with no significant takeover premium.
The two companies have reportedly largely agreed on valuation, and a deal could be announced as soon as next week.
CNBC EXCLUSIVE: “Anthropic is probably the most impressive company we’ve ever seen in terms of its growth and actual revenue,” says Disruptive Founder & CEO Alex Davis.
CNBC EXCLUSIVE: Boeing expects positive cash flow in 2026 - its first in several years.
“We’ll increase that positive cash flow and get to that $10B target and beyond,” says $BA CEO Kelly Ortberg: