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Brunswick Group is handling semiconductor company Nvidia's $6.9B acquisition of networking powerhouse Mellanox to strengthen its position in the data center business.
The Financial Times reports that Nvidia's all-cash $125-per-share bid, which represents a 14 percent premium to its March 8 closing price, topped a competitive offer by Intel for the Israel-based company.
Nvidia CEO Jensen Huang said the marriage of his company's computing platform with Mellanox's "world-renowned" networking capability will create "next-generation datacenter-scale computing solutions."
Nvidia and Mellanox have a history of collaboration. They worked together in building the world's fastest supercomputers, Sierra and Summit, for the US Dept. of Energy.
The deal is expected to close by the end of the year.
Brunswick's Ash Spiegelberg and Mylene Mangalindan represent Nvidia.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
Collected Strategies handles Exact Sciences as the cancer screening leader is acquired by Abbott in a deal with an enterprise value of $23B.
Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
