Plus   Neg

Marvell Currently Expects Merger Deal With Cavium To Close In July - Quick Facts

Marvell (MRVL) announced that China's State Administration for Market Regulation has approved the company's merger transaction with Cavium, Inc. The merger remains subject to customary closing conditions. Marvell currently expects the merger to close in July 2018.

In November 2017, Marvell and Cavium announced a definitive agreement, under which Marvell will acquire all outstanding shares of Cavium common stock in a transaction valued at approximately $6 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Canada's new regulations that provide extra protection for airline passengers will kick in Monday, July 15. The new rules from the Canada Transportation Agency, which has received severe backlash from industry and consumer advocates, requires airlines to compensate passengers up to $2,400 if they... California-based Fieldsource Food Systems Inc. has recalled about 13,000 pounds of diced beef and chicken products due to misbranding and undeclared allergens. The company says the product contain wheat, a known allergen, but is not declared on the product label. The uncooked, marinated, diced beef... The U.S. may approve certain companies to re-start new sales to Chinese telecom equipment giant Huawei in as soon as two weeks, Reuters reported Sunday, citing a senior U.S. official. According to the report, licenses will be issued to the U.S. companies on a case-by-case basis, starting in the next two to four week. Huawei is the world's largest telecom equipment maker.
Follow RTT