20 that it has agreed to acquire rival chipmaker Cavium for $6 billion. Instead of focusing Marvell's business efforts exclusively on chips that control hard drive disks, Murphy has switched gears to add more offerings in data center and wireless communication technology.
The deal is part of Marvell's attempt to revamp its business after a scandal that led to the removal of its founders under pressure from Starboard Value, an activist investor.
Analysts say the new leadership is preparing a number of important new product launches for later this year after refreshing 25 products in 18 months. The deal is expected to close in mid-calendar 2018.
A buyout of Cavium would give a boost to the networking ambitions of Marvell, which has clients such as network giants Cisco Systems Inc (CSCO.O) and Juniper Networks (JNPR.N).
Cavium has been trying to break into the server microprocessor market using ARM technology.
Marvell plans to announce its cash-and-stock acquisition of Cavium on Monday, the sources said, asking not to be identified ahead of an official announcement.
The exchange ratio was based on a purchase price of $80 per share, using Marvell's undisturbed price prior to 3 November, when media reports of the transaction first surfaced.
Another chipmaker making headlines is Broadcom, which offered to buy rival Qualcomm for $105 billion.
"Individually, our businesses are exceptionally strong, but together, we will be one of the few companies in the world capable of delivering such a comprehensive set of end-to-end solutions to our combined customer base", Cavium Co-founder and Chief Executive Officer, Syed Ali, stated.
Marvell's offer of $84.15 - based on the stock's close on Friday - represents a premium of 11% to Cavium's close, according to a Reuters calculation.
Goldman Sachs was the financial adviser to Marvell while Qatalyst Partners and JP Morgan Securities were the financial advisers to Cavium.
Novotna, who had celebrated her birthday last month, passed away on Sunday surrounded by family members in the Czech Republic. In doing so, she became the oldest first-time Grand Slam singles victor in the Open era at 29 years and nine months.
In 2016, Mora signed a contract extension through 2021, which paid him $3.55 million in 2017, according to ESPN . In 2013 and 2014, the Bruins tied a season record with 10 victories, capping each year with a bowl win.
Again, if you did buy any of those salads, but they have a different inspection code, Trader Joe's says they should be fine. Trader Joe's is recalling a variety of packaged salads over fears they could contain glass shards or pieces of plastic.
Regarding the weather issues, search efforts have been hampered by high waves and poor visibility in the Argentine Sea . A distress signal detected Monday by Argentina's navy may have come from a missing military submarine .
In the end, last year's victor , Stephanie Del Valle of Puerto Rico crowned her successor, Manushi Chhillar of India. Thomas School in Delhi and Bhagat Phool Singh Government Medical College for Women in Sonepat.
The 26-year-old won seven games in a row before Sock finally stopped the rot in what was turning into a tight and tense final set. "One person that, I don't know if she's in the hall or not, but she played a pretty important part, was my girlfriend Nicole ".
The latter could suggest ongoing testing of submarine launch ballistic missiles (SLBM), in order to ideal its ejection technique. Pyongyang also conducted its sixth and most powerful nuclear test on September 3.
Some people are already awkward when it comes to romance. "They don't know what to do, and then their behavior is aggressive". But if everything had gone just fine and made possible a great career, they wouldn't talk about it'.
Cutler threw three interceptions in the first half that took the air out of the team and put Miami in a bad spot early. Before Sunday, Miami's longest pass play was a 36-yard throw from Cutler to Stills against the Jets on October 22.
Khalighi said she didn't see anyone but Ratner and Simmons at Simmons' apartment and didn't recall being there the next day. I'm deeply saddened and truly shocked to learn of Keri's assertions as to what happened over the course of that weekend .
'Illegal nuclear launch order can be refused'
Trump's bombastic comments about North Korea and how he might respond to that regime's nuclear threat. As head of STRATCOM, Hyten is responsible for overseeing the USA nuclear arsenal.