secwatch.observer — SEC 8-K summary
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Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001193125-23-272452
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lumentum completes $750M Cloud Light acquisition; deals expected to be immediately accretive
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- Transaction value ~$750M, paid in cash from balance sheet plus assumption of unvested Cloud Light options.
- Expected to be immediately accretive to non-GAAP EPS and more than double cloud data center revenue in 12 months.
- Over 90% of Cloud Light's >$200M revenue from 400G+ products; recent quarter >50% from 800G transceivers.
- HSR waiting period expired November 2, 2023; deal closed November 7, 2023.
- Combination expands Lumentum's served addressable opportunity in data center photonics by more than 5x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000119312523272452/0001193125-23-272452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000119312523272452/d587006d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-272452

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer