Marvell Technology (MRVL) Secures Chinese Regulatory Approval for Cavium (CAVM) Acquisition
Get Alerts MRVL Hot Sheet
Price: $245.29 -9.84%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
EPS Growth %: +38.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
EPS Growth %: +38.8%
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Marvell (NASDAQ: MRVL), a leader in storage, networking, and connectivity semiconductor solutions, today announced that China's State Administration for Market Regulation has approved the company's previously announced merger transaction with Cavium, Inc (Nasdaq: CAVM). The merger remains subject to customary closing conditions and Marvell currently expects the merger to close in July 2018.
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