Marvell Shareholders Approve Acquisition of Cavium

Marvell Technology Group Ltd. announced that its shareholders have voted to approve the issuance of company’s common shares in connection with the previously announced proposed acquisition of Cavium, Inc.

In a preliminary count of the voting results from meeting of shareholders, more than 99% of votes represented in person or by proxy were voted in favor of approving the issuance of Marvell common shares in connection with the proposed acquisition.

At a meeting held prior to the Marvell shareholder vote, Cavium shareholders voted to approve the merger with Marvell.

Marvell expects the transaction to close mid-calendar year 2018, subject to customary closing conditions, including receipt of regulatory approvals. 

The final voting results on all agenda items for each company’s special meeting will be disclosed in separate current reports on form 8-K to be filed with the SEC.

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