David Faber Says Marvell-Lumentum Deal Would Carry No Big Premium

David Faber said Friday that Marvell Technology’s potential acquisition of Lumentum Holdings Inc. would not carry a big premium for the target; he also said the deal would be all stock.

Lumentum supplies optical hardware used in data centers and communications networks. Marvell is an existing customer for Lumentum laser products.

Faber’s remarks address potential terms after the companies entered advanced acquisition discussions. No agreement has been announced, and the possible transaction’s terms and outcome remain unresolved.