Mellanox (MLNX) Ticks Lower Following 3M Offering
Tweet
Share
E-mailGet Alerts MLNX Hot Sheet
Join SI Premium – FREE
Mellanox Technologies, Ltd. (Nasdaq: MLNX), is trading lower after-hours Monday, following the announcement of a 3 million ordinary share offering. With about 35.5 million outstanding shares, this represents about 8.5 percent dilution.
Mellanox is down 3.4 percent in late trading on the announcement.
Mellanox is down 3.4 percent in late trading on the announcement.
Create E-mail Alert Related Categories
Equity Offerings, Insiders' Blog, Momentum MoversSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
