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Marvell Technology Group Ltd (MRVL.OQ)

MRVL.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Marvell Announces Chinese Regulatory Approval For Cavium Acquisition
Thursday, 28 Jun 2018 

June 28 (Reuters) - Marvell Technology Group Ltd ::MARVELL TECHNOLOGY GROUP LTD. ANNOUNCES RECEIPT OF CHINESE REGULATORY APPROVAL FOR CAVIUM ACQUISITION.MARVELL TECHNOLOGY GROUP LTD - MARVELL CURRENTLY EXPECTS MERGER TO CLOSE IN JULY 2018.  Full Article

Marvell Technology Group Ltd. Announces Pricing Of Inaugural Public Offering Of Senior Notes
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Marvell Technology Group Ltd ::MARVELL TECHNOLOGY GROUP LTD. ANNOUNCES PRICING OF INAUGURAL PUBLIC OFFERING OF SENIOR NOTES.MARVELL TECHNOLOGY GROUP LTD - PRICED AN OFFERING OF $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF 4.200% SENIOR NOTES DUE 2023.MARVELL TECHNOLOGY GROUP LTD - PRICED AN OFFERING OF $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF 4.875% SENIOR NOTES DUE 2028.MARVELL TECHNOLOGY GROUP LTD - DEBT OFFERING IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS AND IS EXPECTED TO CLOSE ON OR ABOUT JUNE 22.  Full Article

Marvell Technology Group Says On Dec 19, Plaintiff, Defendants Entered Into Written Settlement Agreement For Payment By Co Of $72.5 Mln
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Marvell Technology Group Ltd ::MARVELL TECHNOLOGY GROUP SAYS ON DEC 19, PLAINTIFF, DEFENDANTS ENTERED INTO WRITTEN SETTLEMENT AGREEMENT FOR PAYMENT BY CO OF $72.5 MILLION - SEC FILING.  Full Article

Marvell Technology Group Reports Q3 GAAP Earnings Per Share $0.30 From Continuing Operations
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Marvell Technology Group Ltd :: REPORTS THIRD QUARTER OF FISCAL YEAR 2018 FINANCIAL RESULTS.Q3 NON-GAAP EARNINGS PER SHARE $0.34 FROM CONTINUING OPERATIONS.Q3 GAAP EARNINGS PER SHARE $0.30 FROM CONTINUING OPERATIONS.Q3 REVENUE $616 MILLION VERSUS I/B/E/S VIEW $613.3 MILLION.Q3 EARNINGS PER SHARE VIEW $0.33 -- THOMSON REUTERS I/B/E/S.SEES Q4 2018 NON-GAAP EARNINGS PER SHARE $0.29 TO $0.33 FROM CONTINUING OPERATIONS.SEES Q4 2018 GAAP EARNINGS PER SHARE $0.23 TO $0.29 FROM CONTINUING OPERATIONS.SEES Q4 2018 REVENUE $595 MILLION TO $625 MILLION.- SEES ‍Q4 2018 GAAP AND NON-GAAP GROSS MARGINS TO BE APPROXIMATELY 62%​.Q4 EARNINGS PER SHARE VIEW $0.27 -- THOMSON REUTERS I/B/E/S.Q4 REVENUE VIEW $590.2 MILLION -- THOMSON REUTERS I/B/E/S.- ‍TRANSACTION WITH CAVIUM IS EXPECTED TO CLOSE IN MID-CALENDAR 2018​.  Full Article

Marvell Technology says termination fee of $180 mln
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Marvell Technology Group Ltd : :Marvell Technology says ‍merger agreement provides for termination fee of $180 million under certain conditions - SEC filing.  Full Article

Marvell and Cavium to combine creating an infrastructure solutions powerhouse
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Cavium Inc :Marvell and Cavium to combine creating an infrastructure solutions powerhouse.Cavium Inc - deal expected to generate at least $150 to $175 million of annual run-rate synergies within 18 months post close.Cavium Inc - Marvell will pay Cavium shareholders $40.00 in cash and 2.1757 Marvell common shares for each share of Cavium common stock​ as per terms.Cavium Inc - ‍deal represents a transaction value of approximately $6 billion​.Cavium Inc - ‍Cavium shareholders are expected to own approximately 25 pct of combined company on a pro forma basis​ after deal close.Cavium Inc - ‍Marvell intends to fund cash consideration with a combination of cash on hand from combined companies and $1.75 billion in debt financing​.Cavium Inc - ‍transaction is not subject to any financing condition​.Cavium Inc - ‍Matt Murphy will lead combined company​.Cavium Inc - ‍deal significantly accretive to revenue growth, margins and non-GAAP EPS​.Cavium Inc - ‍Cavium's co-founder and CEO, Syed Ali, will continue with combined company as a strategic advisor and will join Marvell's board of directors​.Cavium Inc - deal ‍unanimously approved by boards of directors of Marvell Technology Group and Cavium​.Cavium Inc - ‍Syed Ali, along with 2 additional board members from Cavium's board, will join Marvell's board of directors effective upon deal​ close.Cavium Inc - ‍based on preliminary financial information, marvell expects revenue of $610 to $620 million​ for Q3.  Full Article

Marvell Technology in advanced talks to combine with Cavium - WSJ
Friday, 3 Nov 2017 

Nov 3 (Reuters) - :Marvell Technology Group in advanced talks to combine with Cavium- WSJ, citing sources‍​.  Full Article

Marvell Technology Q2 non-GAAP EPS $0.30 from continuing operations
Thursday, 24 Aug 2017 

Aug 24 (Reuters) - Marvell Technology Group Ltd ::Marvell Technology Group Ltd reports second quarter of fiscal year 2018 financial results.Q2 non-GAAP earnings per share $0.30 from continuing operations.Q2 GAAP earnings per share $0.26 from continuing operations.Q2 revenue $605 million versus I/B/E/S view $600.7 million.Q2 earnings per share view $0.28 -- Thomson Reuters I/B/E/S.Sees Q3 2018 non-GAAP earnings per share $0.30 to $0.34 from continuing operations.Sees Q3 2018 GAAP earnings per share $0.25 to $0.31 from continuing operations.Sees Q3 2018 revenue $595 million to $625 million.Marvell Technology Group Ltd - sees ‍Q3 GAAP and non-GAAP gross margins are expected to be approximately 61% to 62%​.Q3 earnings per share view $0.31, revenue view $616.7 million -- Thomson Reuters I/B/E/S.  Full Article

Inside Secure and Marvell deliver open source open data plane security VPN solution
Friday, 30 Sep 2016 

Inside Secure SA :Inside Secure and Marvell deliver open source open data plane security VPN solution.  Full Article

Marvell Technology Q2 non-gaap earnings per share $0.18
Tuesday, 6 Sep 2016 

Marvell Technology Group Ltd : Marvell technology group ltd. reports second quarter of fiscal 2017 financial results . Q2 gaap earnings per share $0.10 . Q2 earnings per share view $0.11 -- Thomson Reuters I/B/E/S . Sees q3 2017 gaap earnings per share $0.03 to $0.08 . Q2 non-gaap earnings per share $0.18 . Q2 revenue $626 million versus I/B/E/S view $630 million . Sees q3 2017 non-gaap earnings per share $0.08 to $0.13 . Q3 revenue is expected to be flat to down 4 percent from q2 .Q3 gaap and non-gaap gross margins are expected to be in range of 52 percent to 54 percent.  Full Article

Hedge funds hit by Qualcomm-NXP deal collapse

LONDON, July 26 Hedge funds betting Qualcomm would succeed in a $44 billion bid for NXP Semiconductors face steep losses after the deal fell through - taking the shine off a strong start to the year for many funds.