(Reuters) – Chipmaker Marvell Technology Group Ltd (MRVL.O) said on Monday it would buy smaller rival Cavium Inc (CAVM.O) in a deal valued at about $6 billion as it seeks to expand its networking equipment business.
Marvell Semiconductor President and CEO Matt Murphy. REUTERS/Courtes y Marvell
Under the deal, Marvell will offer $40.00 per share in cash and 2.1757 of its shares for each Cavium share.
Reporting by Sonam Rai in Bengaluru; Editing by Arun Koyyur
