Santa Clara, California (May 6, 2019) – Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, and Aquantia, Corp. (NYSE: AQ), a leader in Multi-Gig Ethernet connectivity, today announced a definitive agreement, approved by the boards of directors of both companies, under which Marvell will acquire all outstanding shares of Aquantia common stock in exchange for consideration of $13.25 per share in cash.
As the automotive industry increasingly adopts Ethernet in-vehicle networks for mainstream models, the number of related ports is expected to grow dramatically at a 62% annualized growth trajectory, from 53 million in 2018 to 367 million by 20221.
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交易结构及条款
In connection with the execution of the definitive agreement, certain stockholders of Aquantia, together holding approximately 17 percent of the outstanding shares of common stock of Aquantia, have agreed to vote their shares in favor of the transaction under a voting and support agreement.
致电/通过网络直播讨论交易情况
其他信息及获取方式
Aquantia intends to file with the Securities and Exchange Commission (the "SEC") a proxy statement in connection with the proposed transaction with Marvell. The definitive proxy statement will be distributed to the stockholders of Aquantia and will contain important information about the proposed transaction and related matters. SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT CAREFULLY WHEN IT BECOMES AVAILABLE. The proxy statement and other relevant materials (when they become available), and any other documents filed by Aquantia with the SEC, may be obtained free of charge at the SEC's website, at www.sec.gov. In addition, security holders will be able to obtain free copies of the proxy statement from Aquantia by contacting Investor Relations by mail at Aquantia Corp., 91 E. Tasman Dr. Suite 100, San Jose, CA 95134, Attn: Investor Relations Department, or by telephone at (650) 815-1239.
参与委托书征集
Aquantia and Marvell and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Aquantia stockholders in connection with the proposed transaction. Information about Aquantia's directors and executive officers in the proposed transaction will be included in the proxy statement described above. Information about Marvell's directors and executive officers is set forth in Marvell's proxy statement for its 2018 Annual Meeting of Shareholders filed with the SEC on May 28, 2018, Item 5.02 of its Current Report on Form 8-K filed on July 6, 2018 and its Annual Report on Form 10-K for the year ended February 2, 2019, filed on March 28, 2019. These documents are available free of charge at the SEC's web site at www.sec.gov and by going to Aquantia'sInvestor Relations page on its corporate web site at www.aquantia.com or by going to Marvell's Investor Relations page on its corporate web site at www.marvell.com.
关于 Marvell
美满电子科技率先以超出想象的速度传输信息,从而为数字存储行业带来全新变革。 今天,突破性创新仍然是 Marvell 的存储、处理器、网络、安全和互联解决方案的核心。 了解更多信息,请访问: https://www.marvell.com。
Marvell 和 M 徽标是 Marvell 和/或其附属公司在美国和/或其他国家或地区的注册商标。 其他名称与品牌可能是其他方财产。
Aquantia is a leader in the design, development and marketing of advanced, high-speed communications ICs for Ethernet connectivity in the Data Center, Enterprise Infrastructure, Access and Automotive markets. Aquantia'sproducts are designed to cost-effectively deliver leading-edge data speeds for use in the latest generation of communications infrastructure to alleviate network bandwidth bottlenecks caused by the growth of global IP traffic. Aquantia is located in Silicon Valley. To learn more, visit: www.aquantia.com.
(AQ-INV)
关于前瞻性声明的警示说明
投资者请洽:
Ashish Saran
408-222-0777
ir@marvell.com
Diane Vanasse
408-242-0027
diane.vanasse@aquantia.com