American technology company Xilinx has hired Barclays to advise their bid to acquire Israeli chipmaker Mellanox in a deal that could be worth $5.5 billion, CNBC reported Wednesday.
Citing anonymous individuals said to be familiar with the private negotiations, should a deal be concluded, it is expected to be announced in December.Last month, CNBC reported that Mellanox had hired a financial adviser to explore the possibility of a sale following takeover interest from at least two companies.The Yokne’am-based company, founded in 1999 and listed on the Nasdaq Stock Market, supplies end-to-end interconnect solutions and services for data center servers and storage systems.if(window.location.pathname.indexOf("/jpost-tech/")!=-1){ document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://static.vidazoo.com/basev/vwpt.js'; script.setAttribute('data-widget-id','616dd69d1b04080004ac2cc0'); document.getElementsByClassName('divVidazoo')[0].appendChild(script); }else if(window.location.pathname.indexOf("/israel-news/") != -1 || window.location.pathname.indexOf("/omg/") != -1 || window.location.pathname.indexOf("/food-recipes/") != -1 || window.location.pathname.indexOf("/science/") != -1){ document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://static.vidazoo.com/basev/vwpt.js'; script.setAttribute('data-widget-id','60fd6becf6393400049e6535'); document.getElementsByClassName('divVidazoo')[0].appendChild(script); }else if(window.location.pathname.indexOf("/health-and-wellness/") != -1){ document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js'; script.setAttribute('pubname','jpostcom'); script.setAttribute('widgetname','0011r00001lcD1i_12246'); document.getElementsByClassName('divAnyClip')[0].appendChild(script);}else if(window.location.pathname.indexOf("/breaking-news/") != -1){document.getElementsByClassName("divConnatix")[0].style.display ="none";var script = document.createElement('script'); script.src = 'https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js'; script.setAttribute('pubname','jpostcom'); script.setAttribute('widgetname','0011r00001lcD1i_12258'); document.getElementsByClassName('divAnyClip')[0].appendChild(script);}Shares in the company rose by more than 4% on Wednesday to nearly $93 per share following the report. CNBC sources said a takeover price could exceed $100, thereby valuing Mellanox at approximately $5.5 billion.
Citing anonymous individuals said to be familiar with the private negotiations, should a deal be concluded, it is expected to be announced in December.Last month, CNBC reported that Mellanox had hired a financial adviser to explore the possibility of a sale following takeover interest from at least two companies.The Yokne’am-based company, founded in 1999 and listed on the Nasdaq Stock Market, supplies end-to-end interconnect solutions and services for data center servers and storage systems.if(window.location.pathname.indexOf("/jpost-tech/")!=-1){ document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://static.vidazoo.com/basev/vwpt.js'; script.setAttribute('data-widget-id','616dd69d1b04080004ac2cc0'); document.getElementsByClassName('divVidazoo')[0].appendChild(script); }else if(window.location.pathname.indexOf("/israel-news/") != -1 || window.location.pathname.indexOf("/omg/") != -1 || window.location.pathname.indexOf("/food-recipes/") != -1 || window.location.pathname.indexOf("/science/") != -1){ document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://static.vidazoo.com/basev/vwpt.js'; script.setAttribute('data-widget-id','60fd6becf6393400049e6535'); document.getElementsByClassName('divVidazoo')[0].appendChild(script); }else if(window.location.pathname.indexOf("/health-and-wellness/") != -1){ document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js'; script.setAttribute('pubname','jpostcom'); script.setAttribute('widgetname','0011r00001lcD1i_12246'); document.getElementsByClassName('divAnyClip')[0].appendChild(script);}else if(window.location.pathname.indexOf("/breaking-news/") != -1){document.getElementsByClassName("divConnatix")[0].style.display ="none";var script = document.createElement('script'); script.src = 'https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js'; script.setAttribute('pubname','jpostcom'); script.setAttribute('widgetname','0011r00001lcD1i_12258'); document.getElementsByClassName('divAnyClip')[0].appendChild(script);}Shares in the company rose by more than 4% on Wednesday to nearly $93 per share following the report. CNBC sources said a takeover price could exceed $100, thereby valuing Mellanox at approximately $5.5 billion.
