SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Marvell Technology Group {MRVL}
MRVL 64.87-4.1%Jan 27 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Glenn Petersen11/3/2017 10:32:52 PM
   of 162
 
Chipmaker Marvell Technology in talks to buy Cavium: Wall Street Journal

Reuters Staff
November 3, 2017 / 5:09 PM / Updated 4 hours ago

(Reuters) - Marvell Technology Group Ltd is in advanced talks to buy Cavium Inc - a deal that would create a chipmaker worth about $14 billion, Wall Street Journal reported.

Cavium shareholders would receive a modest premium, the report said, citing people familiar with the matter. A deal could be announced in the next few weeks if talks do not fall apart. ( on.wsj.com/2zhtov9)

As of Friday’s close, Cavium has a market capitalization of about $4.5 billion, while Marvell had a valuation of over $9 billion.

Neither of the two companies immediately responded to request for comments.

Shares of Cavium were up nearly 13 percent in after-hours trading on Friday, while Marvell’s stock was up about 6 percent.

Reporting by Aishwarya Venugopal in Bengaluru; Editing by Arun Koyyur

reuters.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext