Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) took another step towards its takeover of Voltaire Ltd. (Nasdaq:VOLT) on Thursday, when Voltaire's shareholders approved the deal. Mellanox is acquiring the company for $218 million in cash.
More than 99% of Voltaire's shareholders approved the deal at a special general meeting at Voltaire's headquarters in Ra'anana. The deal is due to close later in the first quarter of 2011.
The merged company will have 700 employees.
Voltaire's share price rose 0.4% on Friday to $8.68, giving a market cap of $184 million. Mellanox's share price rose 1.4% on Nasdaq on Friday to $27.77, giving a market cap of $943 million, and rose 3.6% on the TASE today to NIS 99.10.
Published by Globes [online], Israel business news - www.globes-online.com - on January 9, 2011
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