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Marvell Technology Boosts Share Buyback Program To $1 Bln - Quick Facts

Marvell Technology Group Ltd. (MRVL), a provider of infrastructure semiconductor solutions, said Tuesday that its Board of Directors has authorized a $700 million addition to the balance of its existing share repurchase program. This will increase the total current repurchase authority to $1 billion.

Marvell's existing share repurchase program had about $307 million of repurchase authority remaining as of October 12, 2018.

Under the program, Marvell may repurchase shares in the open-market or through privately negotiated transactions. The repurchase program may be suspended or discontinued at any time.

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