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They Signed the Biggest Merger Ever and the Stock Collapsed 30%

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Breakdown

0:04MRVL· ticker

MRVL — merger deal $115B, share price down 30%

  • Largest public company merger on record
  • Share prices down 30%
  • Over 35% down in past month
  • Still down 47% from 32973 high
  • Trading below 200-day moving average
1:46MRVL· ticker

MRVL — dip buyers, call purchases, strike prices

  • Six bullish call purchases in 43-minute window
  • Calls at $200, $219.50, $198.15 break-even
  • Largest trade: June 2028 $260 call at $301 break-even
  • Total premium around $2.38 million
3:34MRVL· ticker

MRVL — deal terms, dilution, value

  • Lum Lit shareholders get 4.5 shares of MRVL
  • $1,132 per share at 23.9% premium
  • Marll retains 67% of combined company
  • Effective value down to $765 for 4.5 shares
  • 32% below announced value
3:35MRVL· ticker

MRVL — call strike prices, market expectations

  • Short-term buyers need 198 to 220
  • Long-term buyers need 299 to 301
  • Merger selloff may be overstated
  • June 28 call gives time for cost savings
  • EPS accretion and combined earnings power

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