http://online.wsj.com/public/usor the reuters release:
AMD agrees to buy ATI for about $5.4 billion
146 Wörter
24 Juli 2006
09:52
Reuters News
Englisch
(c) 2006 Reuters Limited
NEW YORK, July 24 (Reuters) - Advanced Micro Devices Inc., the No. 2 supplier of computer processors, said on Monday it would acquire graphics chip maker ATI Technologies Inc. for $5.4 billion in cash and stock to expand its product mix and grow market share as it battles Intel Corp..
Under terms of the deal, AMD will acquire all of the outstanding common shares of ATI for $4.2 billion in cash and 57 million shares of AMD common stock, based on the number of shares of ATI common stock outstanding on July 21.
Talk of a tie-up between the two companies first emerged in May, but many industry analysts have said it made little financial or strategic sense for AMD to buy ATI outright.
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