Mellanox Jumps on Microsoft Deal Report: Tel Aviv Mover
This article is for subscribers only.
Mellanox Technologies Ltd. rallied for a second day in Tel Aviv after the U.S.-traded shares advanced on a report that the company will sell products to Microsoft Corp. and Google Inc.
The maker of equipment that speeds data transfers surged 12 percent, the most since Jan. 27, to 184 shekels, or the equivalent of $50.65, at the close in Tel Aviv. That brought the stock’s two-day jump to 17 percent. The company’s shares in the U.S. climbed 2.2 percent to $50.03 at 10:57 a.m. in New York. They soared 11 percent yesterday.