Report
Abhinav Davuluri
EUR 101.80 For Business Accounts Only

Marvell and Cavium Agree to Join Forces as Industry M&A Heats Up; Raising Marvell FVE to $18.50

On Nov. 20, Marvell Technology announced that it will be acquiring Cavium in a cash/stock deal that values the latter at roughly $6 billion. In particular, Marvell will pay Cavium shareholders $40 in cash and 2.1757 in Marvell shares for each share of Cavium. Since reports on the tie-up surfaced on Nov. 3, we had viewed the deal favorably as it allows Marvell to pivot away from its legacy storage business into the more attractive data center arena. The combined entity would boast an extensive pr...
Underlying
Marvell Technology Group Ltd.

Marvell Technology Group is a semiconductor provider of application-specific products. The company is focused on the development of System-on-a-Chip devices, utilizing its technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company develops integrated hardware platforms along with software that incorporates digital computing technologies. In storage, the company is engaged in fibre channel products and data storage controller solutions spanning cloud, enterprise, edge and personal computing markets. The company's networking products include ethernet solutions, embedded processors and WiFi connectivity solutions.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

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