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