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US: Intel Corporation said to end talks to acquire Altera

By  |  April 9, 2015

Takeover talks between Intel and Altera have broken off as the chip makers could not come to an agreement on price, a person familiar with the matter said.

Altera’s shares fell as much as 8 percent to $38.67 in early trading before moving into positive territory by midday, while Intel temporarily dipped about 2 percent to $30.57.

Intel’s offer was in the neighborhood of the low-$50 per share range, CNBC reported earlier on Thursday.

 

Full Content: 24/7 Wall St.

 

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