Announced
Financials
Tags
Electronic Components and Equipment
Public
Acquisition
transceivers
United States
Merger
Friendly
Majority
Single Bidder
Pending
Synopsis
Marvell Technology Group, a infrastructure semiconductor solutions provider, agreed to acquire Aquantia, a Multi-Gig Ethernet connectivity firm, for $452m. Under the terms of the deal Marvell will acquire all outstanding shares of Aquantia common stock in exchange for consideration of $13.25 per share in cash. "Our acquisition of Aquantia will fuel Marvell's leadership in the transformation of the in-car network to high-speed Ethernet over the next decade. At the same time, Aquantia extends our reach in the rapidly emerging Multi-Gig segment of network infrastructure and creates a leading end-to-end Ethernet connectivity portfolio," Matt Murphy, Marvell President and CEO.
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