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NASDAQ:MLNX Investor Alert: Lawsuit Filed Against Takeover of Mellanox Technologies, Ltd.

Via: ReleaseWire

Updated 11:45 AM CDT, Tue, May 07,2019

A lawsuit was filed for investors in shares of Mellanox Technologies, Ltd. (NASDAQ: MLNX) in connection with the proposed takeover and Mellanox Technologies, Ltd. (NASDAQ: MLNX stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/07/2019 -- The Shareholders Foundation announces that an investor, who currently holds shares of Mellanox Technologies, Ltd. (NASDAQ: MLNX), filed a lawsuit against the takeover of Mellanox Technologies, Ltd.

Investors who purchased shares of Mellanox Technologies, Ltd. (NASDAQ: MLNX) and currently hold any of those Mellanox Technologies, Ltd. (NASDAQ: MLNX shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: MLNX stockholders by agreeing to sell Mellanox Technologies, Ltd. cheaply via an unfair process.

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, markets, and sells interconnect products and solutions. On March 9, 2019, NVIDIA and Mellanox announced that the companies have reached a agreement under which NVIDIA will acquire Mellanox. Pursuant to the agreement, NVIDIA will acquire all of the issued and outstanding common shares of Mellanox for $125 per share in cash, representing a total enterprise value of approximately $6.9 billion.

Plaintiff claims that the proposed consideration NASDAQ: MLNX shareholders will receive is grossly inadequate and undervalues Mellanox Technologies, Ltd. Mellanox Technologies, Ltd. reported that its annual Total Revenue rose from $863,89 million in 2017 to over $1.08 billion in 2018 and that its Net Loss of $19.42 million in 2017 turned to a Net Income of $134.25 million in 2018. In addition, the plaintiff alleges that the process is also unfair NASDAQ: MLNX stockholders.

Shares of Mellanox Technologies, Ltd. (NASDAQ: MLNX) closed on May 6, 2019, at $119.97 per share.

Those who are current investors in Mellanox Technologies, Ltd. (NASDAQ: MLNX) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqmlnx-investor-alert-lawsuit-filed-against-takeover-of-mellanox-technologies-ltd-1212229.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com