EZchip Semiconductor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : EZchip Semiconductor

EZCH 25.49

0.0%

Feb 23 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Eyalro who wrote (2527)	11/12/2015 8:42:25 AM
From: w0z	of 2675

Since nothing is mentioned regarding other items on the agenda, I assume this means the election of board members is still on. The results of the board vote will give an indication of the support for the merger, even if the merger vote is delayed. Interesting development! EDIT: EZchip confirms the postponement of vote on merger with Mellanox (MLNX) and revised agreement to allow 30-day go-shop period and waiver of termination fee" 8:15 ET - It sure sounds like EZChip (EZCH) investors were poised to reject the company's planned $800M buyout by Israeli peer Mellanox (MLNX) as EZCH has postponed today's voting regarding the deal at its annual meeting. MLNX requested the delay, says EZCH, and their agreement has been amended to include a 30-day go-shop period. Shares have slid of late, closing yesterday at $23.93 versus the deal's $25.50 price. In a notice to EZCH, it says MLNX highlighted that a delay "will provide EZchip shareholders with additional time to more fully evaluate" the deal, announced Sept. 30, in part amid "the misinformation in the marketplace disseminated by Raging Capital." The 6.5%-shareholder has been leading the fight against approval and saying the sale process was truncated. (kevin.kingsbury@wsj.com; @kevinkingsbury) (Stock climbing rapidly which indicates to me EZCH is back in play.)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next