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According to WSJ, Cavium (CAVM) approached by Marvell Technology Group (MRVL)

  • November 6, 2017

Marvell Technology Group Ltd. (MRVL) is in advanced talks to combine with Cavium Inc.,(CAVM) according to people familiar with the matter, a deal that would create a chip maker worth some $14 billion.

Update(s):

November 19, 2017: Marvell Technology Group Ltd. (MRVL) is nearing a deal to buy chip maker Cavium Inc. (CAVM) for about $6 billion, an acquisition that would create a bigger and more well-rounded competitor to industry giants like Intel Corp. and Broadcom Ltd.

November 20, 2017:  Marvell Technology Group Ltd.  (MRVL) and Cavium, Inc. (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.