Industry News
Cyril is interested in buying merlot for $100 or more per share
Release time:2018-11-12
Cyril is interested in buying merlot for $100 or more per share
Sources said chip company Xilinx had hired barclays to help it buy Mellanox, continuing a consolidation trend in the semiconductor industry. The report said that it had approached mylox about a bid. Anonymous sources said the deal would not be done anytime soon and could end in an abortion. A deal is expected to be announced in December if it is finalized, two of the sources said.
With a market value of more than $22 billion, the company has largely stayed on the sidelines during previous waves of semiconductor mergers and acquisitions. Speculation that a larger chip maker might launch a takeover bid for celings has deepened since Intel bought Altera in 2015. Like altra, which has been renamed Intel PSG, it makes FPGA (field programmable gate array) chips that run search algorithms and integrate circuits in data centres that support artificial intelligence (AI). The FPGA was invented by silences co-founder Ross Freeman in 1984.
The company, which has a market value of about $5 billion, sells network hardware for use in data centers and cables to connect switches and other hardware. Cisco dominates the market for network hardware sales, and the acquisition of myrex gives the company more products to sell in the data center market. He settled with activist investor Starboard Value earlier this year when three new directors nominated by the latter entered the company's board.
Earlier CNBC reported on October 25 that Mysore had hired a financial adviser to seek a sale. Then, on Oct. 26, an analyst at Piper Jaffray wrote that the potential acquirers of Mysore include celings, Intel and broadcom. A number of other companies besides celings may be interested in buying mylox, sources said, but Mr Paget noted in the report that Intel was still looking for a formal chief executive and that broadcom had just completed its $19bn acquisition of CA Technologies this week.
Mylox shares have risen more than 22 percent since Oct. 25 to about $88. Its shares rose nearly 6 per cent to $94 on Wednesday after the news. A final deal to buy Mysore could be worth more than $100 a share, valuing the company at about $5.5 billion, the two sources said.
Both Mr Celings and barclays declined to comment.
Sources said chip company Xilinx had hired barclays to help it buy Mellanox, continuing a consolidation trend in the semiconductor industry. The report said that it had approached mylox about a bid. Anonymous sources said the deal would not be done anytime soon and could end in an abortion. A deal is expected to be announced in December if it is finalized, two of the sources said.
With a market value of more than $22 billion, the company has largely stayed on the sidelines during previous waves of semiconductor mergers and acquisitions. Speculation that a larger chip maker might launch a takeover bid for celings has deepened since Intel bought Altera in 2015. Like altra, which has been renamed Intel PSG, it makes FPGA (field programmable gate array) chips that run search algorithms and integrate circuits in data centres that support artificial intelligence (AI). The FPGA was invented by silences co-founder Ross Freeman in 1984.
The company, which has a market value of about $5 billion, sells network hardware for use in data centers and cables to connect switches and other hardware. Cisco dominates the market for network hardware sales, and the acquisition of myrex gives the company more products to sell in the data center market. He settled with activist investor Starboard Value earlier this year when three new directors nominated by the latter entered the company's board.
Earlier CNBC reported on October 25 that Mysore had hired a financial adviser to seek a sale. Then, on Oct. 26, an analyst at Piper Jaffray wrote that the potential acquirers of Mysore include celings, Intel and broadcom. A number of other companies besides celings may be interested in buying mylox, sources said, but Mr Paget noted in the report that Intel was still looking for a formal chief executive and that broadcom had just completed its $19bn acquisition of CA Technologies this week.
Mylox shares have risen more than 22 percent since Oct. 25 to about $88. Its shares rose nearly 6 per cent to $94 on Wednesday after the news. A final deal to buy Mysore could be worth more than $100 a share, valuing the company at about $5.5 billion, the two sources said.
Both Mr Celings and barclays declined to comment.
