Shares of computer chipmakers Intel (INTC) and Altera (ALTR) are up big Friday on unfounded speculation of a buyout.
If Intel were to buy peer semiconductor firm, and no one is confirming it is, that would stand to be Intel’s biggest buyout ever. Altera as a market value of $10.4 billion – meaning a buyout would need to be higher yet. News of the talks between the companies was reported by Dow Jones.
The deal, if it happens, would be unusual for Intel. Intel tends to do lots of smaller deals. Intel’s biggest buyout was its Aug. 19, 2010 purchase of computer security firm McAfee for nearly $8 billion, says S&P Capital IQ.
Shares of Intel are up $1.93, or 6.4%, to $32.02. Altera shares are up $9.88, or 29%, to $44.46. Intel had no comment.
No comments:
Post a Comment