Tag Archives: altr

China Blesses Intel-Altera Merger Ahead Of New Year

Altera (ALTR) stock hit a fresh 15-year high Monday after the Chinese Ministry of Commerce approved its acquisition by No. 1 chipmaker Intel (INTC) — the final regulatory obstacle to the transaction. The $16.7 billion acquisition, at about $54 a share, is expected to close Dec. 28, according to 8K filings with the U.S. Securities and Exchange Commission. In morning trading on the stock market today, Altera stock was up 2%, trading just below 54.

Intel-Altera Merger Hurdles Review, Wall Street Yawns

Wall Street responded with a collective shrug Wednesday after Intel’s (INTC) pending $16.7 billion acquisition of chipmaker Altera (ALTR) passed its first regulatory hurdle Tuesday. Intel stock fell a fraction Wednesday, and Altera stock was flat at 50.20, after their shares rose 3.4% and 2.2%, respectively, on Tuesday. Summit Research analyst Srini Sundararajan said the Department of Justice and Federal Trade Commission could have asked for more

3 Chipmakers Bolting Higher As Industry Consolidates

The chipmaker group is showing strength amidst acquisition announcements, including Monday’s official Intel (INTC)-Altera (ALTR) deal. The newest pact comes just days after Apple (AAPL) supplier Avago Technologies (AVGO) agreed to buy peer Broadcom (BRCM). Another Apple supplier, NXP Semiconductors (NXPI), announced its merger with Freescale Semiconductor (FSL) in March. As the semiconductor industry consolidates, here’s a look at three chipmakers