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Marvell buys Cavium
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Marvell buys Cavium
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21st November 2017, 05:31
| #1 |
| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,578
 |  Marvell buys Cavium Late consolidation Chipmaker Marvell is going to would buy smaller rival Cavium in a deal valued at about $6 billion. Marvell wants to gain scale in a semiconductor industry that is rapidly consolidating and it is pretty late to the "buy-out-your-rival" game. Under the deal, Marvell will offer $40.00 per share in cash and 2.1757 of its shares for each Cavium share. The exchange ratio was based on a purchase price of $80 per share, using Marvell’s undisturbed price prior to November 3, when media reports of the transaction first surfaced. http://fudzilla.com/news/processors/...ll-buys-cavium |
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