March 12, 2018 / 3:52 PM / 7 months ago

BRIEF-Starboard Believes Mellanox Technologies' EGM Is "Unnecessary"

March 12 (Reuters) - Starboard Value LP:

* STARBOARD RESPONDS TO MELLANOX’S PROPOSED EXTRAORDINARY GENERAL MEETING (EGM) IN OPEN LETTER TO MELLANOX SHAREHOLDERS

* STARBOARD VALUE LP SAYS TOGETHER WITH ITS AFFILIATES HAS OWNERSHIP INTEREST OF ABOUT 10.6 PERCENT OF MELLANOX TECHNOLOGIES’ SHARES​

* STARBOARD VALUE LP SAYS BELIEVES MELLANOX TECHNOLOGIES’ “EGM IS UNNECESSARY AND DESIGNED TO IMPROPERLY DELAY 2018 ANNUAL GENERAL MEETING”

* STARBOARD- PROPOSES SOLUTION TO ALLOW UNIVERSAL PROXY CARD, PLURALITY VOTING TO BE IMPLEMENTED WHILE HOLDING ANNUAL MEETING AT MELLANOX TECHNOLOGIES

* STARBOARD VALUE SAYS “REMAIN COMMITTED TO SEEKING CHANGE AT 2018 ANNUAL MEETING​” OF MELLANOX TECHNOLOGIES ‍​ Source text for Eikon: Further company coverage:

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