Raymond James Downgrades Altera (ALTR) to Market Perform
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Intel (INTC) to Acquire Altera (ALTR) for $54/Share
June 1, 2015 8:32 AM EDTIntel (NASDAQ: INTC) and Altera Corporation (NASDAQ: ALTR) announced a definitive agreement under which Intel would acquire Altera for $54 per share in an all-cash transaction valued at approximately $16.7 billion.
The acquisition will couple Intels leading-edge products and manufacturing process with Alteras leading field-programmable gate array (FPGA) technology. The combination is expected to enable new classes of products that meet customer needs in the data center and Internet of Things (IoT) market segments. Intel plans to offer Alteras FPGA products with Intel Xeon® processors as highly customized,... More
Intel (INTC) Near Deal to Acquire Altera (ALTR) at $54/Share
June 1, 2015 6:16 AM EDTAltera Corp (NASDAQ: ALTR) is up 5.7% early to $51.65 amid reports over the weekend from the Wall Street Journal that Intel (NASDAQ: INTC) is near a long-anticipated deal to acquire the company for $54 per share. A... More
