Why Mellanox Technologies Stock Jumped on Friday [The Motley Fool]
MELLANOX TECHNOLOGIES (MLNX)
Last mellanox technologies earnings: 4/23 04:05 pm
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Source: The Motley Fool
Buyout speculation has propped up Mellanox's stock. Here's what you should know. Daniel Sparks ( TMFDanielSparks ) Oct 26, 2018 at 5:30PM What happened Shares of chipmaker Mellanox Technologies ( NASDAQ:MLNX ) popped on Friday. Shares rose as much as 18.3% but ended the trading day up 14.5%. The stock's rise comes as the company reportedly explores selling its business, according to CNBC . So what Mellanox has hired a financial advisor to seek a sale after receiving takeover interest from at least two companies, wrote CNBC's Alex Sherman, citing according to people familiar with the matter. Talks of a potential deal are reportedly still in early stages. Image source: Getty Images. Sherman was careful to emphasize a deal isn't imminent and may not take place. Nevertheless, shares surged. The company's largest investor , Starboard
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