Deals
Mellanox Slides Most Since August After Intel Buys QLogic Assets
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Mellanox Technologies Ltd., an Israeli adapter maker, dropped the most in five months in U.S. trading after Intel Corp., the world’s largest semiconductor maker, said it will buy the assets of competitor QLogic Corp.
Mellanox sank 11 percent to $30.06 by 11:01 a.m. in New York, the most since Aug. 8 based on closing prices. The company’s Tel Aviv shares retreated 3.4 percent to 123.40 shekels, or the equivalent of $32.70. The $2.64 discount was the biggest among Israeli companies traded both in New York and Tel Aviv today.