Marvell Technology (MRVL) Up on Takeover Talk
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Price: $237.04 -5.57%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
Revenue Growth %: +34.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
Revenue Growth %: +34.8%
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Barron's Tech Trader Blog notes that Marvell Technology Group Ltd. (Nasdaq: MRVL) is higher this AM on rumors the company may be a takeover target.
The blog said Texas Instruments (NYSE: TXN) or private equity firm Silver Point Partners are rumored suitors with a bid of $24 speculated upon.
Shares of MRVL are up 5.7% to $16.89 this AM.
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