Benchmark Downgrades EZchip Semiconductor (EZCH) to Hold
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October 1, 2015 7:48 AM EDT
Brean Capital downgraded EZchip Semiconductor (NASDAQ: EZCH) from Buy to Hold.
For an analyst ratings summary and ratings history on EZchip Semiconductor click here. For more ratings news on EZchip Semiconductor click here.
Shares of EZchip Semiconductor closed at $25.16 yesterday.
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September 30, 2015 7:30 AM EDT
(Updated - September 30, 2015 7:31 AM EDT)
Mellanox Technologies (Nasdaq: MLNX) and EZchip (Nasdaq: EZCH) announced that they have entered into a definitive merger agreement under which Mellanox shall acquire 100 percent of EZchips outstanding ordinary shares for a cash purchase price of $25.5 per share implying a transaction value of approximately $811 million (approximately $620 million net of cash). The terms of the transaction have been unanimously approved by both the Mellanox and EZchip Boards of Directors.
The EZchip acquisition is a step in Mellanoxs strategy to become the leading broad-line supplier of... More
September 30, 2015 6:52 AM EDT
EZchip Semiconductor (NASDAQ: EZCH) Halted, News Pending
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