BUZZ - Reports say Marvell Technology is in advanced talks to acquire Lumentum, and its shares subsequently fell.

October 28 - ** According to Bloomberg, Marvell Technology (MRVL.O) is in advanced talks to acquire Lumentum LITE.O, and its shares fell 9.1% in after-hours trading to $228

** The report, citing sources familiar with the matter, states that the chipmaker is in advanced negotiations to purchase the photonics products manufacturer (link)

** The report added that the deal could be announced as soon as next week

** After the close, Lumentum shares rose 8.9% to $992.56

** As of the close of the previous trading day, both MRVL and LITE have more than doubled year to date

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