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2016: Cavium buys QLogic for $1.36 billion
On June 15, 2016 the Cavium company announced purchase of the producer of network equipment QLogic approximately for $1.36 billion with the purposes of expansion of the business in the field of data centers and storage systems.
Under the terms of the reached agreement, Cavium will pay cash 11 dollars and 0.098 actions counting on one security of QLogic. Thus, the cost of the transaction will be 15.5 dollars on an action that is 14.4% more than the market value of securities of QLogic to closing of the exchange on Wednesday, June 15. Read more here.
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