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AMD Board Approves Acquisition of ATI, Bankers Confirm
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Posted by Donster on: 2006-07-22 15:32:02 734
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Reports claim a $5.6B deal is about to close on an unprecedented merger
By Tuan Nguyen @ DailyTech
According to a report in The Globe and Mail, the board of directors at AMD has allegedly approved the takeover of Canadian graphics firm ATI Technologies. The reports said that the information was released by an investment banker that was part of the discussions. According to other sources, AMD executives were also seen at ATI's headquarters in Thornhill, Ontario. The report indicated that AMD is considering a $5.6 billion takeover bid for ATI.
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News Source: Email
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