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Technology Stocks : Mellanox Technologies, Ltd.
MLNX 124.890.0%Apr 27 4:00 PM EDT
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From: PaulAquino3/12/2019 9:21:15 AM
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Jim Mullens

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Nvidia Won Over Mellanox; Now It Must Clear Chinese Regulators

Questions about Chinese regulatory approval played out in the market’s reaction to the deal. Nvidia agreed to pay $125 per share for Mellanox, a 14 percent premium to the stock’s price last week before the transaction was announced. On Monday, Mellanox’s stock jumped, gaining 7.8 percent at the close in New York -- but only to $117.89, well shy of the offer price, indicating a lack of certainty that the deal will close.

Still, there’s some chance that China’s regulators will decide to reject or stall the combination, according to Susquehanna International Group analyst Christopher Rolland, because the country may consider the high-performance computing market involved to be "nationally important" -- making consolidation of suppliers a potential risk. Governments are among the biggest users of such technology themselves, for applications such as energy and military programs, and therefore tend to look at these deals more closely, he said.
bloomberg.com
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