CHFC - Merger Arbitrage Mondays - Insider Purchase By A Director Of Mellanox Technologies
Merger activity increased last week with six new deals announced and one pending deal closing.
There was an interesting insider purchase at Mellanox Technologies (MLNX) last week that we wrote about yesterday. Director Steve Sanghi acquired 20,000 shares of this semiconductor company, paying $110.54 per share for a total amount of $2.21 million. Nvidia (NVDA) is in the process of acquiring Mellanox Technologies in an all cash deal valued at $125/share. The big discount to the deal price is partially on account of concerns China might hold up the deal like it did with Qualcomm’s