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SANTA CLARA, Calif., Dec. 15, 2020 /PRNewswire/ Marvell Technology Group Ltd. (NASDAQ: MRVL) ( Marvell ), a leading provider of data infrastructure semiconductor solutions, today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ( HSR Act ), as amended, in connection with its previously announced proposed acquisition of Inphi Corporation ( Inphi ), expired at 11:59 p.m. EST on December 14, 2020.
The expiration of the HSR Act waiting period satisfies one of the conditions to the closing of the proposed acquisition, which remains subject to other customary closing conditions, including receipt of shareholder approvals and other regulatory approvals.