Marvell CEO Upheaval Clears Path to Takeover as Activist PressesBy
Husband and wife company co-founders to remain on the board
Changes may make chipmaker more receptive to sale offers
The management changes at Marvell Technology Group Ltd. remove a major hurdle to a possible acquisition of the chipmaker, the target of an activist investor agitating for new leadership amid falling sales and accounting missteps.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.