ThunderX

Marvell and Cavium on Monday announced that they had reached a definitive buyout agreement. Under the terms of the transaction, Marvell will acquire all outstanding shares of Cavium for around $5.5 billion in cash and stock. Boards of directors of both companies have unanimously approved the deal. The deal in turn will see Marvell acquire Cavium assets that cover a number of businesses and technologies, including CPUs, networking, multimedia, security, and other chips. Marvell hopes that the combined company will have the a product portfolio to enable future growth. Marvell will pay $84.15 ($40 in cash and 2.1757 of its shares) for each Cavium share, which represents an 11% premium over the price of a Cavium share according to Reuters. The ratio was based on...

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