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Cavium to buy QLogic for USD 1 billion
2016-06-16 08:32:00| Telecompaper Headlines
(Telecompaper) Cavium has agreed to acquire QLogic for USD 1.36 billion. The agreed bid is worth USD 15.50 per share, comprised of USD 11.00 in cash and 0.098 of a share of Cavium stock for each share of QLogic. The gives QLogic an equity value of USD 1.36 billion, including the USD 355 million in cash it holds, and has been unanimously approved by the boards of directors of both companies. Cavium said the merger will create a "diversified pure-play infrastructure semiconductor leader", with QLogic bringing a leading portfolio of advanced connectivity and storage solutions alongside Cavium's range of networking, compute and security products. The companies will target the enterprise, cloud, data centre, storage, telco and networking markets and generate annual revenue of nearly USD 1 billion.
QLogic Said to Hire Qatalyst Group to Explore Potential Sale
2016-04-09 18:38:57| Semiconductors - Topix.net
QLogic Corp., the maker of adapters, switches and other technology for data centers and network infrastructure, hired Qatalyst Partners to explore strategic alternatives including a potential sale, people with knowledge of the matter said. There's no assurance a deal will occur, said the people, who asked not to be identified because the discussions are private.
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QLogic Said to Hire Qatalyst Group to Explore Potential Sale
2016-04-09 17:23:12| Electronics - Topix.net
QLogic Corp., the maker of adapters, switches and other technology for data centers and network infrastructure, hired Qatalyst Partners to explore strategic alternatives including a potential sale, people with knowledge of the matter said. There's no assurance a deal will occur, said the people, who asked not to be identified because the discussions are private.
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American Century Companies Inc. Sells 43,190 Shares of QLogic Co.
2016-03-17 19:35:40| Semiconductors - Topix.net
American Century Companies Inc. lowered its position in QLogic Co. by 7.9% during the fourth quarter, according to its most recent filing with the SEC.
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Alliancebernstein L.P. Decreases Position in QLogic Co.
2016-03-13 08:21:10| Semiconductors - Topix.net
Alliancebernstein L.P. cut its position in QLogic Co. by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission.
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