Marvell-Aquantia $452 Million Merger Draws Investor Lawsuit

A proposed merger between Marvell Technology Group and Aquantia Corp. has drawn a federal securities lawsuit.

The companies announced on May 6 the deal between Marvell, “a leader in infrastructure semiconductor solutions,” and Aquantia, “a leader in Multi-Gig Ethernet connectivity,” had been approved by each side’s board of directors. Marvell would acquire all outstanding shares of Aquantia common stock for $13.25 per share, for a total transaction value of about $452 million.

A combination of the two companies’ technologies “creates the broadest and most advanced range of high-speed in-car networking solutions in the world” which will accelerate “Marvell’s vision for ...