Shareholders Approve the Proposed Acquisition of Inphi Corporation; Shareholders Approve Marvell's Reorganization of the Combined Company into Delaware

About this update from Marvell Technology, Inc.

[{"type":"text","content":"SANTA CLARA, Calif., April 15, 2021 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL) (\"Marvell\") announced that its shareholders have voted to approve the previously announced proposed acquisition of Inphi Corporation, Inc. (NASDAQ: IPHI) and also Marvell's proposal to reorganize so that the combined company will be domiciled in the United States. In a preliminary count of the voting results from today's meeting of shareholders, more than 99 percent of votes represented in person or by proxy were voted in favor of approving these proposals. At a meeting held today prior to the Marvell shareholder vote, Inphi Corporation shareholders voted to approve the merger with Marvell. Marvell expects the transaction to close on or around April 20, 2021, subject to customary closing conditions.\nThe final voting results on all agenda items for each company's special meeting will be disclosed in separate Current Reports on Form 8-K to be filed with the Securities and Exchange Commission.\nAbout Marvell\nTo deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform—for the better. \nMarvell and the M logo are registered trademarks of Marvell and/or its affiliates in the United States and/or elsewhere. Other names and brands may be claimed as the property of others.\nInvestor Contacts:\nMarvell Investor Relations:Ashish [email protected]\nCautionary Statement Regarding Forward Looking Statements\nThis press release contains forward-looking statements with respect to the proposed transaction between Marvell, Inphi and Marvell Technology, Inc. (\"MTI\"), including statements regarding the anticipated timing of the closing of the transaction. These forward-looking statements generally are identified by the words \"believe,\" \"project,\" \"expect,\" \"anticipate,\" \"estimate,\" \"intend,\" \"strategy,\" \"future,\" \"opportunity,\" \"plan,\" ...

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