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Re: lecorb post# 21944

Wednesday, 12/09/2015 6:40:27 PM

Wednesday, December 09, 2015 6:40:27 PM

Post# of 22159
good read, followed this investor longtime/

KKR Acquires 5% stake would cost about $296 million

Private equity firm Kohlberg Kravis Roberts & Co. (NYSE: KKR) have acquired about a 5% stake in chipmaker Marvell Technology Group Ltd. (NASDAQ: MRVL). At Marvell’s market cap at Monday night’s close a 5% stake would cost about $296 million.

Marvell’s share price tumbled from a peak of around $17 in February of 2012 to a low of around $7 by the end of the year. Since then the stock gained about $5 a share to close last night at $12.01.

http://247wallst.com/technology-3/2013/11/05/kkr-acquires-stake-in-marvell-technology-bloomberg/
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