![]() Last July, Analog Devices ADI agreed to acquire Maxim Integrated Products in an all-stock deal worth $20.9 billion. “Combining Marvell's storage, networking, processor, and security portfolio with Inphi's leading electro-optics interconnect platform, will position the combined company for end-to-end technology leadership in data infrastructure," Marvell had stated in its press release.Įxcluding the Marvell-Inphi transaction, the industry has witnessed three major mergers and acquisitions deals which have a combined worth of more than $95 billion. Marvell is a leader in infrastructure semiconductor products, while Inphi makes high-speed data movement systems. Inphi's growing presence with cloud customers will also open up additional opportunities for Marvell's DPU and ASIC products. The transaction will broaden Marvell's leadership in data centers and extend its 5G network infrastructure. Marvell plans to reorganize the combined company and domicile in the United States, creating a $40-billion semiconductor powerhouse. Federal Trade Commission, wherein the waiting period for a review of the transaction under the Hart-Scott-Rodino (HSR) Act expired last December. ![]() The acquisition proposal had also received a regulatory approval from the U.S. The transaction got approval of the State Administration for Market Regulation of the People's Republic of China this March. Per the terms of the deal, Marvell will pay $66 per share in cash and 2.323 shares of stock for each Inphi share.įollowing the deal’s closure, Marvell shareholders will own 83% of the combined company, while Inphi stockholders will own the remaining 17%. The two companies inked a definitive agreement in the last week of October 2020, under which Marvell agreed to acquire Inphi in a cash-and-stock deal worth $10 billion. Currently, the data infrastructure semiconductor solutions provider is domiciled in Bermuda for tax exemption purposes. The company expects the deal to close on or around Apr 20.Īdditionally, Marvell received shareholders’ nod for reorganization, such that the combined entity would be domiciled in the United States. Marvell noted that more than 99% of the stockholders voted in favor of the transaction during yesterday’s shareholders’ meeting. Marvell Technology’s MRVL deal to acquire Inphi Corporation IPHI reached the final stage yesterday with a key approval from shareholders of the former.
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