Seeing the company lose around $400 million in market value upon the
announcement of his hiring is probably not the beginning that new Mellanox (MLNX)
CFO Doug Ahrens was looking for, but it’s also not all that unexpected,
as the shares had been bid up in the hope that a buyout announcement
would soon be coming. From my perspective, I certainly don’t think the
hiring of a CFO precludes a deal, and I think Mellanox is worth owning
deal or no deal – particularly now that the share price is back in the
$80s.
Read more here:
A Sell-Off On M&A Noise Is An Opportunity With Mellanox
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