Electronics Weekly Electronics Design & Components Tech News
Intel is reported to have offered $54 a share for Altera valuing it at $13 billion before breaking off talks with an agreement to suspend negotiations for a few weeks.
Now it is being said that a deal may happen within a matter of weeks.
Activist shareholders objected to the break-off of talks after Altera shares soared from their pre-bid-talks $34. Currently they’re trading at $46.
If paid in cash, the deal would take all Intel’s spare cash of about $14 billion, so it’s likely that the deal will be funded through debt and shares.
Of course, AnotherDavid, but only after they’ve first thought of the management, the shareholders, the bondholders, the creditors, the employees and the suppliers.
Slightly altered from the Simpsons-
“Won’t somebody please think of the customers….”