Why Shares of Cavium Inc. Popped Today [The Motley Fool]
CAVIUM (CAVM)
Last cavium earnings: 11/1 04:05 pm
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Source: The Motley Fool
Marvell's acquisition of the company is now nearly complete. Timothy Green ( TMFBargainBin ) Jun 28, 2018 at 4:13PM What happened Shares of Cavium Inc. ( NASDAQ:CAVM ) jumped on Thursday after Marvell Technology Group 's ( NASDAQ:MRVL ) acquisition of the company was approved by Chinese regulators. Marvell now expects the deal to close in July. Cavium stock ended the session up 9.8% while Marvell stock gained 8.2%. So what Cavium agreed to be acquired by Marvell in November of last year. The transaction was valued at roughly $6 billion, with Marvell paying $40 in cash and 2.1857 Marvell shares for each share of Cavium. That worked out to a purchase price of $80 per share at the time. Image source: Getty Images. With tense trade relations between the U.S. and China, the approval from China's State Administration for Market Reg
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