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Stock Market & Financial Investment News

News For MLNX;INTC From The Last 14 Days
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September 30, 2015
07:32 EDTMLNXMellanox agrees to acquire EZchip
Mellanox Technologies (MLNX) and EZchip (EZCH) announced that they have entered into a definitive merger agreement under which Mellanox shall acquire 100% of EZchip's outstanding ordinary shares for a cash purchase price of $25.5 per share implying a transaction value of approximately $811M, or roughly $620M net of cash. The terms of the transaction have been unanimously approved by both the Mellanox and EZchip Boards of Directors. The combined businesses currently have approximately 2,400 employees, and have generated combined revenues of $668M for the twelve months ended June 30, 2015. The transaction is projected to close in the first quarter of 2016, subject to the completion of certain closing conditions. Mellanox expects the transaction to be non-GAAP accretive from day one. Under the terms of the definitive agreement, EZchip shareholders will receive $25.5 for each ordinary share of EZchip that they hold at the closing of the transaction. Mellanox intends to fund the transaction with cash on hand from the combined companies and $300M in fully-committed debt financing. The proposed acquisition is subject to customary closing conditions, including the receipt of applicable regulatory approvals and the approval of EZchip's shareholders.
06:18 EDTMLNXMellanox said to be in talks to buy EZchip for $700M-$800M, Reuters reports
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September 29, 2015
09:03 EDTINTCHP updates entry-level workstation
HP (HPQ) announced the HP Z240 Tower and Z240 SFF Workstations with next generation Intel (INTC) processors and HP Z Turbo Drive options, raising the bar for entry-level workstations, while providing the reliability of a workstation at the price point of a desktop PC. The Z240 is the latest update to the world's No. 1 ranked entry-level workstation, the HP Z230. As HP's most affordable workstation, the Z240 is ideal for customers in the video editing, MCAD/AEC, education, public sector and image viewing industries.
06:48 EDTINTCAMD stake sale talks with Silver Lake stalled, Bloomberg says
Advanced Micro Devices (AMD), a competitor of Intel (INTC), was in discussions to sell an approximate 25% stake to private equity firm Silver Lake Management before the talks were stalled, Bloomberg reports, citing people with knowledge of the matter. The two sides have put talks on hold after they failed to reach an agreement over price and strategy, the report says. AMD is looking into other strategic options, the report says. Reference Link
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