|Day Low/High||25.45 / 25.50|
|52 Wk Low/High||14.30 / 25.50|
As one of the few remaining independents, the analog semiconductor provider could fetch as much as $2 billion.
Mellanox® Technologies, Ltd. (NASDAQ: MLNX) today announced that its proposed merger with EZchip (NASDAQ:EZCH)(TASE:EZCH) has received the necessary votes of approval from EZchip shareholders.
Raging Capital has been arguing since October that Mellanox's bid undervalues the semiconductor maker.
EZchip Board Unanimously Recommends Shareholders Vote FOR the Proposed Transaction with Mellanox Technologies, Ltd.
Raises Concerns Over EZchip's Commitment to a Successful Go Shop Process to Maximize Value for Shareholders
Establishment of a "Go Shop" Period is a Victory for EZchip Shareholders, But Greater Business Transparency is Required
Vote on Proposed Merger to be Determined at a Later Date
EZchip has not been approached by any other potential buyer
Urges Shareholders to Protect the Value of Their Investment and Vote Today
Company Urges Shareholders to Vote "FOR" the Merger Proposal that Provides EZchip Shareholders with Compelling and Immediate Value
EZchip Board Unanimously Supports Merger and Urges Shareholders to Vote FOR the Merger Proposal with Mellanox Technologies, Ltd.
Raging Capital has called for fellow shareholders to vote against a proposed $811 million acquisition of the chipmaker by Mellanox Technologies.
PMC-Sierra isn't growing fast enough to be worth more than the $2.4 billion that Microsemi offered for it. Microsemi's bid may spoil Skyworks' deal, but that's to Skyworks' benefit.
Skyworks agrees to buy Internet-infrastructure chipmaker PMC-Sierra for $10.50 per share, or about $2 billion in cash.
EZchip Semiconductor (EZCH) shares are higher after the announcement that Mellanox Technologies (MLNX) will acquire the company in an $811 million deal.
Mellanox Technologies (MLNX) shares are falling after the announcement that it will acquire EZchip (EZCH) in an $811 million deal.
Mellanox® Technologies, Ltd. (NASDAQ:MLNX), a leading supplier of end-to-end interconnect solutions for servers and storage systems, and EZchip (NASDAQ:EZCH) (TASE:EZCH), a leader in high-performance processing...
The current market situation tells me that sentiment is still relatively bearish.
Radisys® Corporation (NASDAQ:RSYS), the services acceleration company, and EZchip Semiconductor Ltd.
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