Shares of Marvell Technology and Lumentum moved lower in intraday trading, according to data from MSX.COM. Marvell Technology (MRVL) was down 5.15% at $186.28, while Lumentum (LITE) fell 9.45% to $761.285. The move came after the two companies had previously announced a merger agreement. The report did not provide additional details beyond the quoted prices, percentage declines, and the earlier merger announcement. Odaily carried the market update as a brief technology-sector newsflash.
Marvell Technology (MRVL) fell 5.15% to $186.28 in intraday trading, while Lumentum (LITE) dropped 9.45% to $761.285, according to MSX.COM data cited by Odaily.
The two companies had previously announced a merger agreement.
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