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Actionable news in MRVL: Marvell Technology Group Ltd.,

Deutsche Bank: Marvell Worth About $14–$16 In A Takeout Scenario, Management Turnover A 'Positive Surprise'

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Marvell Technology Group Ltd. MRVL could be worth about $14–$16 a share in a takeout scenario, according to a report from Deutsche Bank. This represents a premium of about 29–47 percent from Tuesday's closing price of $10.88.

Marvell surged 13 percent Tuesday after the company announced its CEO Sehat Sutardja and President Weili Dai will leave the company effective immediately. The news triggered speculations the company could be a potential acquisition candidate.

"Based on our estimate of post-restructuring FY18 EPS power of $1, and on the median premium and...