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Marvell Technology's Stock Gains As Activist Investor Acquires A 6.7% Stake
Wednesday, February 3, 2016 - 12:28pm | 190Read More...Shares of Marvell Technology Group Ltd. (NASDAQ: MRVL) rose on Wednesday after Starboard Value, an activist investment firm, disclosed a 6.7 percent stake in the company. According to the regulatory filing, Starboard Value hired Richard Hill, a former Chairman and Chief Executive Officer of...
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Marvell Gets A Big New Investor: Starboard Value
Wednesday, February 3, 2016 - 10:14am | 211Read More...Starboard Value LP acquired a 6.7 percent share in semiconductor supplier Marvell Technology Group Ltd. (NASDAQ: MRVL), according to an SEC filing Wednesday morning. The company purchased 34.7 million shares. The purchasers, semiconductor executives Rick Hill, Oleg Khaykin and Jeff McCreary,...
