Intel announced the purchase of Altera for $ 16.7 billion
Intel has officially confirmed the purchase of Altera, one of the largest manufacturers of microprocessors. The amount of the transaction is quite large, about $ 16.7 billion, writes Slon.ru. The entire amount of the transaction will be paid in cash, with the purchase of Altera shares at a price of $ 54 per share. The participants in the transaction report on its closure within 6-9 months.
It is worth noting that the price of shares, proposed by Intel to Altera, is 11% higher than the value of Altera securities at the time of the end of trading on May 29 ($ 48.85). At the same time, in just three days, starting from May 26, the value of the shares of the purchased company increased by 56%. The reason for this rapid growth is the news of the merger with Intel.
By the way, in April, Intel offered Altera a similar deal, but then Altera ’s management rejected the offer. However, after discussion with investors, it was decided to resume negotiations.
It is worth noting that the price of shares, proposed by Intel to Altera, is 11% higher than the value of Altera securities at the time of the end of trading on May 29 ($ 48.85). At the same time, in just three days, starting from May 26, the value of the shares of the purchased company increased by 56%. The reason for this rapid growth is the news of the merger with Intel.
By the way, in April, Intel offered Altera a similar deal, but then Altera ’s management rejected the offer. However, after discussion with investors, it was decided to resume negotiations.
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Source: https://habr.com/ru/post/291142/
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