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Lumentum $LITE was up as much as 🟢 19% after hours yesterday but has since pared gains to just🟢2% following reports of acquisition talks with Marvell $MRVL. The stock also bounced off its daily 200MA last week, a critical support level to watch.
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Marvell $MRVL is reportedly in advanced talks to acquire Lumentum Holdings $LITE - Bloomberg