Raymond James Downgrades Altera (ALTR) to Market Perform

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Intel to Acquire Altera

June 1, 2015 8:31 AM EDT

Enables New Classes of Products in High-Growth Data Center and Internet of Things Market Segments

Combination Harnesses the Power of Moores Law to Accelerate Alteras Existing Businesses

Expected to be Accretive to Non-GAAP EPS and Free Cash Flow in First Year After Close

SANTA CLARA, Calif. & SAN JOSE, Calif.--(BUSINESS WIRE)-- Intel Corporation (NASDAQ: INTC) and Altera Corporation (NASDAQ: ALTR) today announced a definitive agreement under which Intel would acquire Altera for $54 per share in an... More