Marvell Technology (MRVL) Said Close to Hiring Goldman After Rebuffing China Bids - Bloomberg

October 28, 2016 6:36 AM EDT

Get access to the best calls on Wall Street with's Ratings Insider Elite. Get your Free Trial here.


Marvell Technology (NASDAQ: MRVL) is close to hiring Goldman Sachs as an adviser after replacing its CEO and rejecting bids from a Chinese investor group, according to Bloomberg, citing people with knowledge of the matter. The company was approached by Montage Technology Group, the report said.

Bids by the Montage consortium were below Marvell's closing price on Thursday, and were rejected for being too low. There are no active talks between Montage and Marvell.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Mergers and Acquisitions, Rumors

Related Entities

Goldman Sachs

Add Your Comment