CLOSE TO A DEAL: Intel signed a standstill agreement earlier this year with Altera that expires on June 1, giving the world's largest chipmaker the option to launch a hostile bid after that, Reuters reported in April, citing sources.
Intel Corp is close to a deal to buy smaller chipmaker Altera Corp for about US$15bil (RM55bil), the New York Post reported.
The deal price could be as much as US$54 (RM198) a share, a 15% premium over Altera's May 28 closing price of US$46.97 (RM172.23), the New York Post reported, citing a source close to the situation.
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