--Barclays has been hired by Xilinx Inc. (XLNX) to help advise the technology company as it plans a bid for Mellanox Technologies Ltd. (MLNX), CNBC reports Wednesday, citing people familiar with the matter.

--A transaction, if one happens, is expected to be announced in December, and may top $100 per share, the report said.

--Other parties may also be interested in acquiring computer hardware manufacturer Mellanox, the report said.

--Xilinx and Barclays declined comment, according to CNBC.

Full story: https://www.cnbc.com/2018/11/07/xilinx-working-with-barclays-to-buy-mellanox-possible-december-deal.html

Write to copydesk@dowjones.com

(END) Dow Jones Newswires

November 07, 2018 14:20 ET (19:20 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Xilinx (NASDAQ:XLNX)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Xilinx Charts.
Xilinx (NASDAQ:XLNX)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Xilinx Charts.