Marvell Technology (MRVL) Gains on Renewed Takeover Chatter

Shares of Marvell Technology (NASDAQ: MRVL) are indicated to open higher Monday (+4%) following reports from the New York Post the company is open to a sale.

KKR and activist hedge fund Starboard both have large stakes in the semiconductor maker and the audit committee recently finished an investigation into accounting fraud which showed no wrongdoing.

Avago (NASDAQ: AVGO) is seen as as possible suitor for Marvell. In the past, Shanghai Pudong was seen as a possible suitor for the company.

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