Marvell Authorizes $3 Bln Stock Repurchase
(RTTNews) - Marvell Technology, Inc. (MRVL) Thursday announced that its Board of Directors has authorized a $3 billion addition to the balance of its existing stock repurchase program.
This increases total current repurchase authority to about $3.3 billion.
Marvell's existing share repurchase program had approximately $299 million of repurchase authority remaining as of the fiscal year ended February 3, 2024.
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