Mellanox Technologies Ltd. to Acquire Voltaire Ltd. for $8.75 per Share

Mellanox Technologies, Ltd. MLNX and Voltaire Ltd. VOLT announced today that they have signed a definitive agreement under which Mellanox will acquire 100 percent of Voltaire's outstanding ordinary shares for cash at a price of $8.75 per share, or a total equity value of approximately $218 million ($176 million net of cash). The terms of the transaction have been unanimously approved by both the Mellanox and Voltaire Boards of Directors. The transaction is currently projected to close in the first quarter of 2011, subject to certain closing conditions.