Cavium (CAVM) weekly volatility flat into Marvell (MRVL) acquiring in a cash and stock deal valued at $80 a share

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Go back to Cavium (CAVM) weekly volatility flat into Marvell (MRVL) acquiring in a cash and stock deal valued at $80 a share

Cavium Networks (CAVM) PT Raised to $85 at Canaccord Genuity Following Announced Agreement with Marvell

November 21, 2017 8:12 AM EST

Canaccord Genuity raised its price target on Cavium Networks (NASDAQ: CAVM) to $85.00 (from $67.00) while maintaining a Hold rating following the company's announced agreement with Marvell.

Marvell will acquire Cavium for $40/share cash and a 2.1757:1 Marvell-for-Cavium share exchange ratio, giving Cavium shareholders roughly 25%... More