SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Speculating in Takeover Targets
CTG 7.290-2.7%Feb 8 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: richardred5/29/2015 9:34:16 AM
  Read Replies (2) of 6546
 
Some biggie mergers. The deals keep flowing.

Is Intel about to make its biggest-ever acquisition?

by Chris Matthews

@crobmatthews

May 29, 2015, 7:55 AM EDT

E-mail Tweet Facebook Google Plus Linkedin

Share icons

Chip giant Intel is about to get a little bit bigger.

According to a report Thursday in The New York Post, Intel INTC 1.31% is set to acquire fellow chip maker Altera Corp ALTR 3.11% for $15 billion, or $54 per share.

That’s a 15% premium over Altera’s closing price on Thursday, which came in at $46.97 per share. That’s far higher than the roughly $35 per share Altera was trading at back in March, when rumors of the deal first started to leak.

The news comes soon after Intel competitor Avago AVGO 1.99% announced a $37 billion takeover of rival chipmaker Broadcom BRCM -0.97% , a deal which was finalized on Thursday.

The main attraction of Altera for Intel, observers say, would likely be its ‘field programmable gate arrays’–integrated circuits that are designed so as to let customers or designers configure them after manufacturing. FPGAs are particularly in demand from companies who need them for data centers to run Cloud-based services.
fortune.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext