Seeking Alpha

Marvell soars on LBO report

  • The Daily Telegraph's Ben Harrington reports KKR has been quietly building a 5% stake in Marvell (MRVL +7.2%) ahead of a "potential takeover deal." He adds it isn't clear if formal talks have started.
  • David Einhorn still owns a large stake in Marvell, and there has been speculation Marvell's founding family could try to take the chipmaker private.
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