|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||172.03 - 175.20|
|52 Week Range||84.38 - 182.22|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 02, 2021 - Aug 06, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||173.64|
Marvell (MRVL) shareholders approve the proposed acquisition of Inphi (IPHI) as well as its reorganization such that the combined entity is domiciled in the United States.
Marvell Technology Group Ltd. (NASDAQ: MRVL) ("Marvell") announced that its shareholders have voted to approve the previously announced proposed acquisition of Inphi Corporation, Inc. (NASDAQ: IPHI) and also Marvell's proposal to reorganize so that the combined company will be domiciled in the United States. In a preliminary count of the voting results from today's meeting of shareholders, more than 99 percent of votes represented in person or by proxy were voted in favor of approving these proposals. At a meeting held today prior to the Marvell shareholder vote, Inphi Corporation shareholders voted to approve the merger with Marvell. Marvell expects the transaction to close on or around April 20, 2021, subject to customary closing conditions.
Marvell Technology (MRVL) borrows $2 billion through the issuance of senior notes to fund the proposed acquisition of Inphi Corporation.