Intel (INTC), Altera (ALTR) Said to Resume Buyout Talks - NYP
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(Updated - May 18, 2015 7:02 AM EDT)
Altera Corp (NASDAQ: ALTR) and Intel (NASDAQ: INTC) will be on watch Monday amid reports in the New York Post the two have resumed buyout talks after ending them in April.
Altera was said to have rejected a $54 per share takeover offer from Intel. Intel originally discussed an offer of $58 per share but revised the offer down, according to published reports. Altera closed Friday at $44.42, offering nearly 22% upside if Intel were to come back with the $54 offer.
"You should not be surprised if a deal comes together quickly," a source with knowledge of the situation told the Post.
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