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WILMINGTON, Del., May 02, 2019 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors (“Board”) of Mellanox Technologies, Ltd. (“Mellanox” or the “Company”) (NASDAQ GS: MLNX) related to the Company’s entry into an agreement to be acquired by NVIDIA Corporation (“NVIDIA”) in a transaction announced on March 11, 2019 (the “Proposed Transaction”).
On March 10, 2019, the Board caused Mellanox to enter into an agreement and plan of merger (the “Merger Agreement”) with NVIDIA. Pursuant to the terms of the Merger Agreement, shareholders of Mellanox will receive $125.00 in cash for each share of Mellanox common stock.
On April 22, 2019, Mellanox filed a preliminary proxy statement (“Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction, which recommends that Mellanox’s shareholders vote in favor of the Proposed Transaction. Rigrodsky & Long, P.A. is investigating possible violations of law related to the Proxy Statement, including whether the Proxy Statement omits material information with respect to the Proposed Transaction.
If you own common shares of Mellanox and purchased any shares before March 11, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at email@example.com.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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