Ezchip Semiconductor Ltd. ( NASDAQ:EZCH ) , based in Yokneam, Israel is a fabless semiconductor company that provides data-path processing solutions for a range of applications for carrier, cloud and data center networks. On September '…, -…-5, the company entered into a merger agreement with Mellanox Technologies to be acquired of $-5.5… cash per share, in a transaction worth $765 million. Regulatory and shareholder votes were received by February of -…-6, and the deal officially closed on February --, -…-6. The Fund earned a -.'6% annualized return.
From Mario Gabelli ( Trades , Portfolio )'s first quarter -…-6 ABC Fund shareholder commentary. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.