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| [Jul 24, 2006, 09:04 am ET] - Share - Viewing Comments |
AMD to buy ATI for
about $5.4 billion is an example of the flood of news reports this morning
confirming rumors that Advanced Micro Devices is buying ATI Technologies. The
About AMD & ATI Page
on the ATI Website (thanks Mike Martinez) has a preliminary outline of where this
will lead, and here's the announcement:
NEW YORK (Reuters) - Advanced Micro Devices Inc (NYSE:AMD - news), 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. (Nasdaq:INTC -
news).
Under terms of the deal, AMD will acquire all of the outstanding common shares
of ATI (Nasdaq:ATYT - news) (Toronto:ATY.TO - news) 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.
AMD said it would pay $20.47 for each ATI share. That marks a 24 percent premium
over ATI's closing stock price of $16.56 on Nasdaq on Friday. The stock added
another 7 percent to $17.68 in after-hours trading amid media reports of the
expected deal.
The consideration for each outstanding share of ATI comprises $16.40 in cash and
0.2229 shares of AMD common stock, the companies said.
AMD, the No. 2 supplier of computer processors, said it expects to finance the
cash portion of the transaction with a combination of cash and new debt.
AMD has obtained a $2.5 billion term loan commitment from Morgan Stanley Senior
Funding which, together with combined existing cash, cash equivalents, and
short-term investment balances of about $3 billion, provides full funding for
deal, it said.
ATI said it has agreed to a termination fee of $162 million. The deal is subject
to the approval of ATI shareholders and regulators in the United States and
Canada.
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30. |
Re: FoxConn |
Jul 24, 2006, 13:35 |
Grounded |
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HAHAHAHAHAHAA
Wow, now you can get the WORST of both worlds in one nice and tidy PC bundle! AMD AND ATI.. a driver disaster waiting to happen
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Date |
Subject |
Author |
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1. |
Jul 24, 09:09 |
Why? |
TangledThorns |
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10. |
Jul 24, 10:24 |
Re: Why? |
Burrito of Peace |
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24. |
Jul 24, 12:03 |
Re: Why? |
Tim |
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56. |
Jul 24, 20:21 |
Re: Why? |
skyguy |
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13. |
Jul 24, 10:47 |
I'll sum this up |
zipr |
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2. |
Jul 24, 09:10 |
Unless... |
Dreagon |
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7. |
Jul 24, 09:36 |
Re: Unless... |
cyxxon |
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9. |
Jul 24, 10:09 |
Re: Unless... |
MMORPGHoD |
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3. |
Jul 24, 09:12 |
No subject |
JaZeeL |
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4. |
Jul 24, 09:17 |
Re: No subject |
Bill Borre |
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16. |
Jul 24, 11:23 |
Re: No subject |
banddirector |
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17. |
Jul 24, 11:29 |
Re: No subject |
MMORPGHoD |
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18. |
Jul 24, 11:34 |
FoxConn |
amckern |
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21. |
Jul 24, 11:47 |
Re: FoxConn |
Ulster |
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23. |
Jul 24, 11:52 |
Re: FoxConn |
nin |
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27. |
Jul 24, 12:35 |
Re: FoxConn |
theAntiELVIS |
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29. |
Jul 24, 12:59 |
Re: FoxConn |
DrEvil |
>> |
30. |
Jul 24, 13:35 |
Re: FoxConn |
Grounded |
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31. |
Jul 24, 13:45 |
Re: FoxConn |
Enahs |
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32. |
Jul 24, 13:51 |
Re: FoxConn |
Duc |
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34. |
Jul 24, 14:06 |
Re: FoxConn |
MMORPGHoD |
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35. |
Jul 24, 14:14 |
Re: FoxConn |
Zathrus |
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39. |
Jul 24, 15:49 |
Re: FoxConn |
Kxmode |
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40. |
Jul 24, 15:58 |
Re: FoxConn |
nin |
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60. |
Jul 24, 23:35 |
Re: FoxConn |
MacD |
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61. |
Jul 25, 00:13 |
Re: FoxConn |
DrEvil |
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22. |
Jul 24, 11:52 |
Re: FoxConn |
BIGtrouble77 |
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5. |
Jul 24, 09:22 |
Scary... |
Alamar |
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6. |
Jul 24, 09:29 |
Re: Scary... |
Smoove |
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8. |
Jul 24, 10:06 |
No subject |
A51Abductee |
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14. |
Jul 24, 10:55 |
Re: No subject |
Killian |
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11. |
Jul 24, 10:30 |
No subject |
DedEye |
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12. |
Jul 24, 10:42 |
No subject |
dryden555 |
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15. |
Jul 24, 11:11 |
Re: |
Rseman |
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19. |
Jul 24, 11:42 |
Isn't ATi larger than Nvidia? |
venomhed |
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20. |
Jul 24, 11:45 |
No subject |
BubbleMage |
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25. |
Jul 24, 12:05 |
No subject |
FREAKHEAD |
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26. |
Jul 24, 12:21 |
No subject |
Slint |
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28. |
Jul 24, 12:49 |
Wow. |
silentsammy |
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33. |
Jul 24, 14:03 |
No subject |
Retired |
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36. |
Jul 24, 15:31 |
Next system |
DangerDog |
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37. |
Jul 24, 15:36 |
Nvidia vs ATI |
venomhed |
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41. |
Jul 24, 16:01 |
Re: Nvidia vs ATI |
Zathrus |
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38. |
Jul 24, 15:37 |
Whose your DATI? |
Kxmode |
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42. |
Jul 24, 16:19 |
What this means. |
m00t |
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44. |
Jul 24, 16:32 |
Re: What this means. |
Zathrus |
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48. |
Jul 24, 17:18 |
Re: What this means. |
m00t |
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55. |
Jul 24, 19:48 |
Re: What this means. |
Zathrus |
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43. |
Jul 24, 16:27 |
AMD slashes processor prices |
Kxmode |
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45. |
Jul 24, 17:05 |
... |
theyarecomingforyou |
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50. |
Jul 24, 17:26 |
Re: ... |
m00t |
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53. |
Jul 24, 17:41 |
Re: ... |
DrEvil |
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46. |
Jul 24, 17:07 |
Re: What this means |
UnderLord |
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49. |
Jul 24, 17:22 |
Re: What this means |
m00t |
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47. |
Jul 24, 17:16 |
What else it means |
UnderLord |
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51. |
Jul 24, 17:34 |
So obvious it shouldn't need explaining |
UnderLord |
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52. |
Jul 24, 17:38 |
Re: So obvious it shouldn't need explain |
MachineMk2 |
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54. |
Jul 24, 18:09 |
No subject |
Dev |
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57. |
Jul 24, 21:42 |
Credit where credit is due |
zee |
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58. |
Jul 24, 21:56 |
Re: Credit where credit is due |
nin |
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59. |
Jul 24, 22:03 |
Re: Credit where credit is due |
Zathrus |
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