Sunday, May 31, 2015

Intel: $ 16 billion announced for Altera – Le Figaro

The US computer chip giant Intel is about to purchase more than $ 16 billion (14.5 billion euros) fellow Altera, accelerating industry consolidation, write Sunday New York Times and Lewall Street Journal (WSJ).

Intel, which had already approached Altera in April, would offer 54 dollars per share, which would value the group at 16.26 billion dollars. The unit price, which is identical to that proposed by Intel in April, represents a premium of 10.54% compared over on Wall Street Friday evening closing of the Altera Action, known for its reprogrammable components.

The transaction could be announced on Monday, assures the WSJ citing unnamed sources familiar with the matter.


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