Marvell Technology (MRVL) Raises Buyback Plan to $1B
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Marvell Technology Group Ltd. Increases Share Repurchase Plan to $1 Billion
October 16, 2018 8:00 AM EDTSANTA CLARA, Calif., Oct. 16, 2018 /PRNewswire/ --Â Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today announced that its Board of Directors has authorized a $700 million addition to the balance of its existing share repurchase program, increasing the total current repurchase authority to $1 billion.
Marvell's existing share repurchase program had approximately $307 million of repurchase authority remaining as of October 12, 2018.
Under the program authorized by its Board of Directors, Marvell may repurchase shares in the open-market or through privately negotiated transactions. The extent to which... More
