According to the Complaint, Cavium is a provider of semiconductor processors that enable intelligent networking,
communications, and security applications. The Company’s product line includes multi-core processors for embedded and data center applications, network connectivity for serve and switches, storage connectivity, and security processors for offload and appliance.
On November 20, 2017, Cavium and Marvell issued a joint press release announcing the Proposed Merger. On December 21, 2017, Defendants caused the S-4 to be filed with the SEC in connection with the Proposed Merger. The S-4 solicits the Company’s shareholders to vote in favor of the Proposed Merger. The Complaint alleges that the S-4 misrepresents and/or omits material information that is necessary for the Company’s shareholders to make an informed decision concerning whether to vote in favor of the Proposed Merger, in violation of Sections 14(a) and 20(a) of the Exchange Act.
This case was voluntarily dismissed on March 30, 2018.