Marvell宣布以全股票交易收购光学元件制造商Lumentum后，两家公司股价周一双双下跌，两家公司的股东公开批评要约条款。市场反应引发了关于该交易能否按原提案完成的疑问。
Shares of both Marvell and Lumentum fell after Marvell announced an all-stock deal to acquire the optical-component maker, with shareholders of both companies publicly criticizing the offer's terms. The reaction has raised questions about whether the deal will close as proposed.
芯片制造商Marvell Technology表示，已同意以全股票交易收购光学元件制造商Lumentum，该交易在宣布后导致两家公司股价周一下跌。
Chipmaker Marvell Technology said it has agreed to acquire optical-component maker Lumentum in an all-stock deal, a transaction that sent shares of both companies lower on Monday after the announcement.
Marvell和Lumentum的股东公开批评要约条款，部分投资者认为商定价格低估了Lumentum的业务。这种抵制引发了对该交易能否在不改变结构的情况下通过股东投票的怀疑。
Shareholders of both Marvell and Lumentum publicly criticized the offer's terms, with some investors arguing the agreed price undervalues Lumentum's business. The pushback has raised doubts about whether the deal can clear a shareholder vote without changes to its structure.
Lumentum生产用于数据中心和AI网络设备的光学元件，随着对AI基础设施需求的扩大，该细分领域吸引了越来越多的收购兴趣。市场分析师表示，股价反映了市场对全股票交易定价的更广泛担忧。双方管理层目前表示，没有计划修订协议条款。
Lumentum makes optical components used in data-center and AI networking equipment, a segment that has drawn growing acquisition interest as demand for AI infrastructure expands. Market analysts said the stock reaction reflects broader unease about how the all-stock transaction was priced. Management at both companies said for now they have no plans to revise the terms of the agreement.