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Stock impact report

Marvell Technology is buying chip maker Cavium in a $6-billion deal [Los Angeles Times (CA)]

Marvell Technology, Inc. (MRVL) 
Last marvell technology, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: marvell.com/company/investor_relations
Marvell Technology is buying chip maker Cavium in a $6-billion deal Marvell Technology has bid about $6 billion for Cavium in a cash-and-stock deal that would create a chip maker to compete with Intel and other giants in the industry. The potential deal extends a long-running consolidation for computer chip producers that are trying to grow so that they can better supply tech leaders such as Apple, Google and Samsung. Last week, Qualcomm rejected an unsolicited, $103-billion buyout from Broadcom , saying the bid was too low. Qualcomm last year said it would buy NXP Semiconductors for $38 billion. That deal remains under regulatory review. Avago Technologies purchased Broadcom for $37 billion in 2016. Under the proposed deal announced Monday, Cavium shareholders will get $40 per share and 2.1757 Marvell common shares for each Cavium share they own. Cavium Inc. stockholders are expected to own about 25% of the combined company. Marvell Chief Executive Matt Murphy would lead Show less Read more
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