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Fly News Breaks for January 3, 2019
MLNX
Jan 3, 2019 | 10:47 EDT
Stifel analyst Kevin Cassidy said he believes Doug Ahrens is coming into the CFO position at Mellanox "with eyes wide open" in regards to a potential acquisition, given the media reports of takeover talks. The "Covered Termination" clause disclosed in the company's 8K filing provide Ahrens the "necessary assurances," said Cassidy, who views the CFO appointment as independent of any potential Mellanox acquisition plans. He keeps a Buy rating and $111 price target on Mellanox shares.
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