Xil­inx look­ing to ac­quire Mel­lanox for $5.5b.

The Jerusalem Post - - NEWS - • By EY­TAN HALON

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.

(Ro­nen Zvu­lun/Reuters)

MEL­LANOX TECH­NOLO­GIES, based in Yokne’am, pro­vides ser­vices for data cen­ter servers and stor­age sys­tems.

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