LITE and MRVL both plummeted over 16%, with the stock-for-stock exchange discount widening to 15.2%.

BlockBeats news, November 6 - According to TradingBeats monitoring, the stock prices of Marvell and Lumentum have continued to decline, with the discount of LITE relative to the exchange ratio consideration further widening.

As of press time, the Lumentum (LITE) contract on Hyperliquid is quoted at $535.74, and the Marvell (MRVL) contract is quoted at $140.56. Based on the merger agreement stipulating that each LITE share be exchanged for 4.5 MRVL shares, the corresponding exchange reference value is approximately $632.52, and LITE is $96.78 lower than that, a discount of about 15.3%. The two contracts had a combined trading volume of approximately $93.73 million over the past 24 hours.

In the previous U.S. stock trading session, MRVL fell 16.43% to close at $133.55, bringing the corresponding exchange reference value per LITE share down to $600.98; LITE fell 18.68% over the same period to close at $509.70, and its discount rate relative to the exchange consideration widened from 12.84% to 15.19%, an increase of 2.35 percentage points.

Under the agreement, Marvell plans to acquire Lumentum through an all-stock transaction, with each LITE share exchanged for 4.5 MRVL shares. The transaction is expected to be completed in the first half of 2028.