Marvell and Cavium in ‘advanced’ talks to merge: report

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Marvell Technology Group Ltd.












MRVL, +1.26%










is in talks to combine operations with Cavium Inc.












CAVM, +3.42%










and a deal could be announced in the next few weeks, according to The Wall Street Journal, which cited people familiar with the matter. Cavium stock is up 14.1% after hours to $77.98, and Marvell shares are up 5.6% to $19.50. As of Friday investors value Cavium at $4.6 billion and Marvell at $9 billion. Cavium makes chips and Marvell makes products for networking, data-center and wireless applications, according to the Journal. Cavium is up 9.3% this year, with the S&P 500 index












SPX, +0.31%










up 15.2%. Marvell stock is up 33.5% this year.

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