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Technology Stocks : EZchip Semiconductor

EZCH 25.49

0.0%

Feb 23 3:00 PM EDT

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From: Eyalro	1/7/2016 1:25:22 AM
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just like i predicted a week ago: ======================================================== Raging capital Dec. 14 press release: "Raging Capital continues to believe that EZchip should not have entered into the agreement to sell to Mellanox at $25.50 per share … In the event that the Company fails to obtain a superior offer via the Go Shop process, Raging Capital intends to once again vote against the proposed sale to Mellanox." Raging capital Dec. 18 13D/A disclosure: "Raging Capital continues to believe that the Issuer should not have entered into the Merger Agreement with Mellanox which significantly undervalues the Issuer." Sounds to me like RC are toning down their tones; on Dec. 18 they did not say they will vote against the merger, only that they believe the deal shouldn't have been made in the first place. I wouldn’t be at all surprised if they'll change their vote at the last minute. ========================================================

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