Deals
An Activist's Marvell-ous Situation
Here's one activist who hasn't turned passive.
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Lately, activist shareholders haven't been living up to their name. Instead of storming in on a corporation's management and agitating for change, they're increasingly becoming more like stock pickers, or are stepping in only to endorse strategies that companies have already embraced.
But now, along comes Jeff Smith's Starboard Value, serving up just what the market's been missing: A classic activist campaign at Marvell Technology.