Cavium Completes Acquisition of QLogic

SAN JOSE, Calif., Aug. 16, 2016 — (PRNewswire) — Cavium, Inc. (NASDAQ: CAVM) ("Cavium"), a leading provider of semiconductor products that enable intelligent processing for enterprise, data center, cloud, wired and wireless networking, today announced that Cavium had completed its acquisition of  QLogic Corp. (NASDAQ: QLGC) ("QLogic"), a leading supplier of high performance networking infrastructure solutions. 

Cavium, Inc. Logo

After the successful completion of an exchange offer for all outstanding shares of QLogic, a wholly owned subsidiary of Cavium has been merged with QLogic, with QLogic as the surviving corporation and becoming a wholly owned subsidiary of Cavium.  At the effective time of the merger, each outstanding share of QLogic common stock (other than shares directly owned by QLogic and its subsidiaries, or Cavium and its subsidiaries) was converted into the right to receive $11.00 per share in cash and 0.098 shares of Cavium common stock, without interest and less any applicable withholding taxes, which is the same price that was paid in the exchange offer. Under Section 251(h) of the General Corporation Law of the State of Delaware, no vote of QLogic's stockholders was required to consummate the merger. QLogic shares will cease to be traded on the NASDAQ Global Select Market.

About Cavium

Cavium is a leading provider of highly integrated semiconductor products that enable intelligent processing in enterprise, data center, cloud, wired and wireless service provider applications. Cavium offers a broad portfolio of integrated, software compatible processors ranging in performance up to 100 Gbps that enable secure, intelligent functionality in enterprise, data center, broadband and access & service provider equipment. Cavium's processors are supported by ecosystem partners that provide operating systems, tool support, reference designs and other services. Cavium's principal offices are in San Jose, California with design team locations in California, Massachusetts, India, and China. For more information, please visit:  http://www.Cavium.com.

All rights reserved. © Cavium, Inc. 2016.

Logo - http://photos.prnewswire.com/prnh/20120604/LA18845LOGO

 

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/cavium-completes-acquisition-of-qlogic-300314049.html

SOURCE Cavium, Inc.

Contact:
Cavium, Inc.
QLogic Corp.
Angel Atondo, Sr. Marketing Communications Manager
Phone: +1 408-943-7417
Email Contact
Web: http://www.cavium.com




Review Article Be the first to review this article
Aldec Webinar Nov 30

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Computer History Museum: the Future of War is Here
More Editorial  
Jobs
Principal PIC Hardware Controls Engineer for Infinera Corp at Sunnyvale, CA
ASIC Design Engineer for Infinera Corp at Sunnyvale, CA
Senior PIC Test Development Engineer for Infinera Corp at Sunnyvale, CA
REVISED***Director Product Line RF/IC for EDA Careers at San Jose, CA
Senior SW Developer for EDA Careers at San Jose, CA
Upcoming Events
“Empowering Leadership with WIT and WISDOM” at SEMI 673 South Milpitas Blvd. Milpitas CA - Nov 28, 2017
Artificial Intelligence and Convolution Neural Networks Discussion at San Jose State University Student Union Theater San Jose CA - Dec 4, 2017
Silicon Valley's Only Comprehensive Embedded Systems Conference at San Jose Convention Center 150 W. San Carlos St. San Jose CA - Dec 5 - 7, 2017
Oski Technology’s Decoding Formal Club Meeting at The Conference Center San Jose CA - Dec 7, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise