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Marvell Technology, Inc. has announced a significant expansion of its stock repurchase program, with the Board of Directors authorizing an additional $3 billion. This increase brings the total current repurchase authority to approximately $3.3 billion, marking the largest repurchase authorization in the company's history. As of the fiscal year ended February 3, 2024, Marvell's existing share repurchase program had about $299 million remaining. The repurchases may occur in the open market or through privately negotiated transactions, subject to market conditions and other corporate considerations. The program can be suspended or discontinued at any time. The announcement was made on March 7, 2024, and is detailed in a press release which is incorporated by reference into Marvell's Form 8-K filed with the SEC.
Marvell Technology, Inc. has announced a significant expansion of its stock repurchase program, with the Board of Directors authorizing an additional $3 billion. This increase brings the total current repurchase authority to approximately $3.3 billion, marking the largest repurchase authorization in the company's history. As of the fiscal year ended February 3, 2024, Marvell's existing share repurchase program had about $299 million remaining. The repurchases may occur in the open market or through privately negotiated transactions, subject to market conditions and other corporate considerations. The program can be suspended or discontinued at any time. The announcement was made on March 7, 2024, and is detailed in a press release which is incorporated by reference into Marvell's Form 8-K filed with the SEC.
Marvell Technology, Inc. 宣布大幅扩大其股票回购计划，董事会批准再增加30亿美元。这一增加使当前的回购授权总额达到约33亿美元，这是该公司历史上最大的回购授权。截至2024年2月3日的财年，Marvell现有的股票回购计划还剩约2.99亿美元。回购可以在公开市场上进行，也可以通过私下谈判的交易进行，但要视市场条件和其他公司考虑因素而定。该计划可以随时暂停或终止。该公告于2024年3月7日发布，详见新闻稿，该新闻稿以引用方式纳入Marvell向美国证券交易委员会提交的8-K表中。
Marvell Technology, Inc. 宣布大幅扩大其股票回购计划，董事会批准再增加30亿美元。这一增加使当前的回购授权总额达到约33亿美元，这是该公司历史上最大的回购授权。截至2024年2月3日的财年，Marvell现有的股票回购计划还剩约2.99亿美元。回购可以在公开市场上进行，也可以通过私下谈判的交易进行，但要视市场条件和其他公司考虑因素而定。该计划可以随时暂停或终止。该公告于2024年3月7日发布，详见新闻稿，该新闻稿以引用方式纳入Marvell向美国证券交易委员会提交的8-K表中。
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