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.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.if(window.location.pathname.indexOf("656089") != -1){document.getElementsByClassName("divConnatix")[0].style.display ="none";}else if(window.location.pathname.indexOf("/israel-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);}
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.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.if(window.location.pathname.indexOf("656089") != -1){document.getElementsByClassName("divConnatix")[0].style.display ="none";}else if(window.location.pathname.indexOf("/israel-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);}
