Cavium, Inc. completes exchange offer in connection with the proposed QLogic acquisition

Cavium, Inc. (NASDAQ: CAVM) has accepted for exchange all shares of the common stock of QLogic Corp. (NASDAQ: QLGC), representing approximately 76.2 percent of QLogic´s outstanding shares of common stock, the company said.

The exchange offer expired at on August 15, 2016. As previously announced, Cavium acquired the remaining outstanding shares of QLogic´s common stock through a merger of a wholly owned subsidiary of Cavium with and into QLogic.

Cavium is a provider of semiconductor products that enable intelligent processing for enterprise, data center, cloud, wired and wireless networking.