In the early morning of November 8, Beijing time, according to CNBC website, sources said that chip company Xilinx had hired Barclays Bank to help it acquire Mellanox, continuing the trend of integration in the semiconductor industry. Reported that xilinsi had contact with Mai Luo Si, launched a takeover offer for it.
Anonymous sources said the deal would not be reached in the near future and could end in abortion. Two of the sources said that if the deal could finally be reached, it is expected to be announced in December.
With a market capitalization of more than $22 billion, the company has remained mostly quiet in the current wave of mergers and acquisitions in the semiconductor industry. The market had previously speculated that a larger chip manufacturer might launch a takeover bid for Salings, which deepened after Intel acquired Altera in 2015. Like Altera, which has been renamed Intel PSG, Salings also produces FPGA (Field Programmable Gate Array) chips for integrated circuits running search algorithms and data centers that support artificial intelligence (AI). FPGA by Ross, co-founder of Xilinx·Freeman (Ross Freeman) was invented in 1984.
Myros, with a market capitalization of about $5 billion, sells network hardware for data centers and cables for connecting switches and other hardware. Cisco dominates the market for network hardware sales, and the acquisition of Myrosco gives Sales more products that can be sold in the data center market. Earlier this year, Myros settled with activist investor Starboard Value, when three new directors nominated by the latter entered the company's board.
Earlier, CNBC said in a 25 daily report in October that Mai Luo Si had hired a financial adviser to seek sale. Subsequently, Piper Jaffray, an analyst at the investment bank, released a research report on October 26 that Myros's potential buyers included Salings, Intel and Bottom. Sources said that companies other than Sales may be interested in launching a takeover of Myros, but Pidger pointed out in the report that Intel was still looking for a full CEO, while Bloom just completed a $19 billion acquisition of CA Technologies this week.
Myros shares have risen more than 22% since October 25 to about $88, and after Wednesday's news, their shares have risen nearly 6% to $94. Two sources said that if Sales eventually reached a deal to acquire Myros, the purchase price would probably exceed $100 per share, with a valuation of about $5.5 billion for Myros.
Both Xilinx and Barclays declined to comment.