Cavium Inc. (Nasdaq: CAVM) will acquire QLogic Corp. (Nasdaq: QLGC) in a transaction valued at approximately $1.36 billion. Cavium stock plummeted $7.89 to $40.11 while shares of QLogic climbed $1.33 to $14.87.
Cavium to buy QLogic
June 16, 2016 at 13:31 PM EDT
