Cavium Networks (CAVM) to Acquire MontaVista Software for $50 Million; Accretive to 2010 Earnings
More News related to CAVM
- Cavium Networks Unveils World's Fastest FIPS 140-2 Level 3 Certified Hardware Security Modules for Government, Healthcare & Financial Applications
- GC Research Upgrades Cavium Networks (CAVM) to Neutral
- Cavium Networks (CAVM) to Acquire MontaVista Software for $50 Million; Accretive to 2010 Earnings
- Cavium Networks Signs Definitive Agreement to Acquire MontaVista Software
- Cavium Networks Demonstrates Revolutionary netHD(TM) (Networked High Definition) Wi-Fi Reference Design for In-Home Networked Video Distribution at TelcoTV 2009
More News related to Mergers and Acquisitions
- CF Industries (CF) Announces Three Director Nominees Elected to Terra Industries (TRA) Board
- Motorola (MOT) Purchases RadioFrame Networks' iDEN Business
- BD (BDX) Completes Acquisition of HandyLab for $275M
- CA (CA) Closes Acquisition of NetQoS
- Casey's General Stores (CASY) Agrees to Acquire 9 Bullseye Stores
Cavium Networks (NASDAQ: CAVM) has signed a definitive agreement to acquire MontaVista Software for $50 million, comprised of approximately $16 million in cash and approximately $34 million in Cavium Networks common stock. The deal is expected to close in December 2009.
This acquisition will significantly increase Cavium's software and services revenue, and is expected to be gross margin and non-GAAP earnings accretive in 2010 and beyond.
[SM]
Related Categories
Mergers and AcquisitionsStocks Mentioned
-0.24Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
