Cavium Networks (CAVM) PT Raised to $85 at Canaccord Genuity Following Announced Agreement with Marvell
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ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Cavium, Inc.
November 20, 2017 12:00 PM ESTNEW YORK--(BUSINESS WIRE)-- Rowley Law PLLC is investigating potential claims against Cavium, Inc. (NASDAQ: CAVM)... More
Marvell and Cavium to Combine Creating an Infrastructure Solutions Powerhouse
November 20, 2017 7:00 AM ESTSANTA CLARA, Calif. and SAN JOSE, Calif., Nov. 20, 2017 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL) and Cavium, Inc. (NASDAQ: CAVM) today announced a definitive agreement, unanimously approved by the boards of directors of both companies, under which Marvell will acquire all outstanding shares of Cavium common stock in exchange for consideration of $40.00 per share in cash and 2.1757 Marvell common shares for each Cavium share. Upon completion of the transaction, Marvell will become a leader in infrastructure solutions with approximately $3.4 billion1 in annual revenue.
The transaction... More
