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Technology Stocks : Mellanox Technologies, Ltd.

MLNX 124.89

0.0%

Apr 27 4:00 PM EDT

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PaulAquino

From: Jim Mullens	11/7/2018 3:20:29 PM
	1 Recommendation of 954

Mellanox +6.7% on report that Xilinx hires Barclays to examine buyout Nov. 7, 2018 1:01 PM ET\|About: Mellanox Technologies, Ltd. (MLNX)\|By: Jason Aycock, SA News Editor Mellanox (NASDAQ: MLNX) has jumped 6.7% as CNBC reports that Xilinx (NASDAQ: XLNX) has hired Barclays to advise it on an acquisition bid. A deal could arrive in December, though it's not imminent, according to the report. Xilinx, which makes field-programmable gate array chips heavily used in data centers, has been a frequent subject of consolidation talk. The deal could value Mellanox at more than $100/share; the stock sits at $94.50 now. Xilinx has a market cap of more than $22B while Mellanox sits around $5B. seekingalpha.com

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