|Bid||45.56 x 2200|
|Ask||45.68 x 1000|
|Day's Range||44.05 - 45.67|
|52 Week Range||24.98 - 55.70|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 07, 2021|
|Forward Dividend & Yield||0.24 (0.54%)|
|Ex-Dividend Date||Apr 08, 2021|
|1y Target Est||55.42|
Inphi Corporation ("Inphi"), a wholly-owned subsidiary of Marvell Technology Inc. (NASDAQ: MRVL) ("MTI"), today announced that it has commenced tender offers to repurchase any and all of its outstanding 0.75% Convertible Senior Notes due 2021 (the "2021 Notes") and 0.75% Convertible Senior Notes due 2025 (the "2025 Notes" and, together with the 2021 Notes, the "Notes") in compliance with the terms of (i) the Indenture, dated as of September 12, 2016 (as amended and supplemented, the "2021 Notes Indenture"), among Inphi, MTI and Wells Fargo Bank, National Association, as trustee, governing the 2021 Notes, and (ii) the Indenture, dated as of April 24, 2020 (as amended and supplemented, the "2025 Notes Indenture" and, together with the 2021 Notes Indenture, the "Indentures"), among Inphi, MTI and U.S. Bank National Association, as trustee, governing the 2025 Notes. The tender offers are required to be made under the Indentures as a result of the consummation on April 20, 2021 (the "Merger Date") of the merger of Indigo Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of MTI, with and into Inphi (the "Delaware Merger"), with Inphi continuing as a wholly owned subsidiary of MTI.
Marvell Technology, Inc. ("MTI") announced today the expiration and final results of its (i) offers to exchange (the "Exchange Offers") any and all outstanding 4.200% Senior Notes due 2023 and 4.875% Senior Notes due 2028 (together, the "Marvell Notes") issued by Marvell Technology Group Ltd. ("Marvell") for up to an aggregate principal amount of $1.0 billion of new 4.200% Senior Notes due 2023 (the "2023 MTI Notes") and 4.875% Senior Notes due 2028 (the "2028 MTI Notes" and, together with the 2023 MTI Notes, the "MTI Notes") issued by MTI and (ii) related solicitations of consents (the "Consent Solicitations").
Marvell Technology Group Ltd. ( NASDAQ:MRVL ) shareholders will have a reason to smile today, with the analysts making...