San Jose, Calif., August
16, 2016 – Cavium, Inc. (Nasdaq: CAVM) (“Cavium”), a leading provider
of semiconductor products that enable intelligent processing for enterprise,
data center, cloud, wired and wireless networking, announced today that it has
accepted for exchange all shares of the common stock of QLogic Corp. (Nasdaq:
QLGC) (“QLogic”) validly tendered into the previously announced exchange offer
by a wholly owned subsidiary of Cavium to acquire all of the outstanding shares
of QLogic for the agreed consideration of $11.00 in cash and 0.098 shares of
Cavium common stock for each share of QLogic. The shares accepted
represent approximately 76.2% of QLogic’s outstanding shares of common
stock. The exchange offer expired at 5:30 p.m., New York City time, on
August 15, 2016. As previously announced, Cavium will acquire the
remaining outstanding shares of QLogic’s common stock through a merger of a
wholly owned subsidiary of Cavium with and into QLogic, which Cavium expects to
complete prior to the opening of trading on Nasdaq on Tuesday, August 16, 2016.
About Cavium
Cavium is a leading provider of highly integrated semiconductor products that enable intelligent processing in enterprise, data center, cloud, wired and wireless service provider applications. Cavium offers a broad portfolio of integrated, software compatible processors ranging in performance up to 100 Gbps that enable secure, intelligent functionality in enterprise, data center, broadband and access & service provider equipment. Cavium’s processors are supported by ecosystem partners that provide operating systems, tool support, reference designs and other services. Cavium’s principal offices are in San Jose, California with design team locations in California, Massachusetts, India, and China. For more information, please visit:http://www.cavium.com.
About Cavium
Cavium is a leading provider of highly integrated semiconductor products that enable intelligent processing in enterprise, data center, cloud, wired and wireless service provider applications. Cavium offers a broad portfolio of integrated, software compatible processors ranging in performance up to 100 Gbps that enable secure, intelligent functionality in enterprise, data center, broadband and access & service provider equipment. Cavium’s processors are supported by ecosystem partners that provide operating systems, tool support, reference designs and other services. Cavium’s principal offices are in San Jose, California with design team locations in California, Massachusetts, India, and China. For more information, please visit:http://www.cavium.com.
Angel Atondo
Sr. Marketing Communications Manager
Telephone: +1 408-943-7417
Email: angel.atondo@cavium.com
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