# Marvell Projects More Than $1 Billion in Annual Lumentum Deal Savings By John Kim Canonical URL: https://www.tokenpost.com/news/business/46461 Published: 2026-11-02T13:27:24.000Z Updated: 2026-11-02T13:27:24.000Z Section: Business > The combined company is expected to target a $550 billion market, with Marvell forecasting first-year non-GAAP earnings-per-share accretion after closing. Marvell expects its planned acquisition of Lumentum to generate more than $1 billion in annual cost synergies. The combined company is expected to target a $550 billion market, and Marvell forecasts the deal will increase non-GAAP earnings per share in the first year after closing. The projections add financial detail to the [previously announced acquisition agreement](). Under the all-stock terms, Lumentum shareholders would receive 4.5 shares of Marvell common stock for each share they own. After closing, Marvell shareholders are expected to own about 67% of the combined company, with Lumentum shareholders holding about 33%. The companies expect the transaction to close in the first half of 2028, subject to approval from both companies’ shareholders and regulators. ## Links in this article - [previously announced acquisition agreement](https://www.tokenpost.com/news/business/46401)