Activist Client Starboard Makes Headlines After Disclosing 6.7% Stake in Marvell Technology Group
The Wall Street Journal, Bloomberg and other media outlets reported that activist investor, and Olshan client, Starboard Value LP has taken a 6.7% stake in Marvell Technology Group Ltd., a semiconductor producer. According to Starboard’s 13D filing, they believe that Marvell is undervalued and represents an attractive investment opportunity. Starboard’s involvement is being viewed by the media as a positive source of help for struggling Marvell. Steve Wolosky, Andrew Freedman and Meagan Reda represent Starboard Value in connection with its investment in Marvell Technology.