Marvell Technology to buy rival chipmaker Cavium for $6 billion
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Cavium Networks (CAVM) PT Raised to $85 at Canaccord Genuity Following Announced Agreement with Marvell
November 21, 2017 8:12 AM UTCCanaccord Genuity raised its price target on Cavium Networks (NASDAQ: CAVM) to $85.00 (from $67.00) while maintaining a Hold rating following the company's announced agreement with Marvell.
Marvell will acquire Cavium for $40/share cash and a 2.1757:1 Marvell-for-Cavium share exchange ratio, giving Cavium shareholders roughly 25%... More
Marvell Technology (MRVL) to Pay Half Stock, Half Cash for Cavium (CAVM) - WSJ
November 20, 2017 6:21 AM UTCMarvell Technology (NASDAQ: MRVL) will acquire Cavium (NASDAQ: CAVM) for more than $80 per share, valuing the chipmaker at $6 billion, according to the Wall Street Journal. Marvell will pay half stock and half cash.
The WSJ... More
