AMD Commits to ATI Merger

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Yesterday, AMD (the manufacturer of processors) and ATI (the manufacturer of GPUs) signed the acquisition agreement that will have AMD acquire all of ATI's outstanding stock for a combination of AMD stock and cash.
The final terms of the acquisition value ATI shares at approximately $20.47 per share. Each share of ATI will be exchanged for .2229 shares of AMD stock and $16.40 per share. The acquisition is still subject to the approval of ATI shareholders and regulatory approvals.

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This page contains a single entry by Editor published on July 24, 2006 12:09 AM.

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