Voltaire/Mellanox Technologies
On November 29, 2010, Mellanox Technologies, Ltd. (Nasdaq: MLNX) and Voltaire Ltd. (Nasdaq: VOLT) announced that they have entered into an agreement whereby Mellanox will acquire 100% of Voltaire’s outstanding ordinary shares for cash at a price of $8.75 per share, or a total consideration of $218 million.
The consideration will be $176 net of cash.
The transaction is expected to close in Q111.
Mellanox expects the transaction to be $0.02 - $0.05, or more, per share accretive to FY11 non-GAAP EPS.
J.P. Morgan acted as exclusive financial adviser to Mellanox, and Bank of America Merrill Lynch acted as exclusive financial adviser to Voltaire.
The consideration will be $176 net of cash.
The transaction is expected to close in Q111.
Mellanox expects the transaction to be $0.02 - $0.05, or more, per share accretive to FY11 non-GAAP EPS.
J.P. Morgan acted as exclusive financial adviser to Mellanox, and Bank of America Merrill Lynch acted as exclusive financial adviser to Voltaire.
