Intel Corp (INTC.O) has resumed negotiations to buy smaller chip maker Altera Corp (ALTR.O) and is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday.
The price for Altera could be as much as $54 per share, a 15 percent premium over its Thursday closing price of $46.97. That would value Altera at more than $16 billion, according to one of the people. Altera shares were up 4.2 percent at $48.96 during Friday morning trading in New York.
The deal could be reached in ...
Intel close to deal to buy Altera for $16 billion
Intel Corp (INTC.O) has resumed negotiations to buy smaller chip maker Altera Corp (ALTR.O) and is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday.
The price for Altera could be as much as $54 per share, a 15 percent premium over its Thursday closing price of $46.97. That would value Altera at more than $16 billion, according to one of the people. Altera shares were up 4.2 percent at $48.96 during Friday morning trading in New York.
The deal could be reached in ...























