|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||20.12 - 21.81|
|52-week range||13.59 - 21.81|
|PE ratio (TTM)||41.84|
|Earnings date||28 Nov 2017|
|Forward dividend & yield||0.24 (1.30%)|
|1y target est||22.33|
Marvell Technology Group is buying smaller rival Cavium in a $6 billion deal to expand its wireless connectivity business in a fast consolidating semiconductor industry. Fred Katayama reports.
Nov.20 -- Chris Rolland, senior analyst at Susquehanna, and Bloomberg's Ed Hammond, discuss a deal between Marvell and Cavium, and the state of m&a overall. They speak with Bloomberg's David Westin and Jonathan Ferro on "Bloomberg Daybreak: Americas."
Marvell Tech, Cavium, Alibaba, Verizon and Urban Outfitters are among the stocks to watch.
Starboard Value has taken a 10.7% stake in Mellanox Technologies, urging the company to improve its margins and stock and explore a potential sale, a thesis in part helped by deal talks at Marvell Technology, ...
Marvell Technology plans to buy chip maker Cavium in a $6 billion cash-and-stock deal that would set it up to better compete with semiconductor giants such as Intel and Broadcom.
Marvell Technology Group is a chipmaker and technology company known for powering Google's Chromecast streaming device.
The Street is starting to roll out its perspectives on the $6 billion agreement between Marvell Technology Group (MRVL) and Cavium (CAVM) for the former to buy the latter, announced this morning. Cavium stock has continued is now up $7.12, or 9%, at $82.95, just below the $84 effective price of the bid, which includes $40 per share in cash and 2.1757 shares of Marvell stock. Marvell shares are One analyst, Anil Doradla of William Blair, thinks that "the transaction makes strategic sense given the complementary nature of both companies’ portfolios (Marvell has strength in storage solutions, while Cavium is a leader in compute and networking solutions)." This company can be a “formidable force,” he argues: We believe Cavium’s deep product portfolio combined with Marvell’s strong channel presence will be a formidable force in the semiconductor industry.
Marvell Technology (MRVL) has finally put all speculations regarding its Cavium acquisition to rest and confirmed its $6 billion agreement with the later.
The deal comes at a time of rapid consolidation in the semiconductor space and is expected to help Marvell expand beyond the chips it makes for storage devices.
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 ...