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IPHI

Inphi

$111.00 /

-2.92 (-2.56%)

, MRVL

Marvell

$39.54 /

-1.94 (-4.68%)

05:31
10/29/20
10/29
05:31
10/29/20
05:31

Marvell near deal to acquire Inphi for about $10B, WSJ reports

Marvell Technology Group (MRVL) is nearing a deal to buy Inphi (IPHI) for as much as $10B and a deal could be announced as soon as Thursday, Cara Lombardo and Dana Cimilluca of Wall Street Journal report, citing people familiar with the matter. Buying Inphi would help Marvell expand its reach in networking, Lombardo and Cimilluca points out. Marvel will pay 60% of the acquisition in stock with the rest in cash, Liana Baker and Ian King of Bloomberg reported following the Journal's story. Shares of Inphi are up 36%, or $40.04, to $151.01 in premarket trading. Marvell is down 5%, or $1.86, to $37.67. Reference Link

IPHI

Inphi

$111.00 /

-2.92 (-2.56%)

MRVL

Marvell

$39.54 /

-1.94 (-4.68%)

  • 29

    Oct

IPHI Inphi
$111.00 /

-2.92 (-2.56%)

10/12/20 B. Riley Securities
B. Riley prefers NeoPhotonics, Lumentum in optical component space
08/05/20 Northland
Inphi upgraded to Market Perform after earnings beat at Northland
08/05/20 Craig-Hallum
Inphi price target raised to $156 from $125 at Craig-Hallum
08/05/20 Northland
Inphi upgraded to Market Perform from Underperform at Northland
MRVL Marvell
$39.54 /

-1.94 (-4.68%)

10/20/20 KeyBanc
Marvell resumed with an Overweight at KeyBanc
10/13/20 Argus
Marvell showing accelerating momentum in 5G, says Argus
10/09/20 BMO Capital
Marvell price target raised to $42 from $32 at BMO Capital
10/09/20 Needham
Marvell price target raised to $47 from $39 at Needham

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