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.
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'.
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.
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.
About 10 IT officials are said to have entered the channel's office in Ekkatthuthangal around 6 am on November 9. The search was limited to two rooms used by Sasikala and S Poongundran, the secretary of J Jayalalithaa.
The company opened its first flagship stores in China this year and Monday's show is the first held outside the U.S. or Europe. The 27-year-old French model made her VS debut in 2016, walking in the Pink section of the show.
Catz and McMaster met for dinner in July in Washington, D.C., and discussed a range of national security issues. A spokesperson for the National Security Council pushed back against BuzzFeed's account of the July dinner.
UCLA athletic director Dan Guerrero said last week that the players stole from three stores. "Who?" Ball told ESPN on Friday . The players returned to the US last week. "Everybody wants to make it seem like he helped me out", he added.
The super dark look was evidently a wig hiding her real colored locks, which still have a hint of her darker roots. In her emotional acceptance speech , she got candid about her time away from the spotlight.
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.
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.
Grigor Dimitrov edges out David Goffin in Tour Finals thriller
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 ".