
$LITE shareholders should be annoyed. The $MRVL deal's 23.9% premium is real on paper, now a discount in dollars. 28 Oct: 4.5 × $251.65 = $1,132 Now: 4.5 × $170 = $765 That's -16.3% vs $LITE's undisturbed $914, down $119 from Friday's $884. $MRVL needs >$203 just to restore any premium over undisturbed. A premium paid in a stock that's fallen 32%.