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Stockreport

Intel seeks billions for minority stake in Altera business, sources say [CNBC]

Intel Corporation (INTC)  More Company Research Source: CNBC
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Any deal would look to value Altera at least what the $16.7 billion that Intel paid for it in 2015. It is possible that Intel would look to find a majority acquirer for the business. Intel is looking to sell at least a minority stake in its Altera subsidiary that would raise several billion dollars in cash for the struggling firm, according to people familiar with the matter. This move that would represent a sharp about face from its earlier public messaging about the larger company's prospects. The storied semiconductor firm has made overtures to a number of private equity and strategic investors this week, said the people, who requested anonymity to speak freely about confidential information. Intel has expressed to some of those investors that it would be possible to acquire a majority stake in the Altera business, which was valued at $16.7 billion when Intel acquired it in 2015, said one of the people. Intel is looking for a deal that values Altera at around $17 billion, [Read more]
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Stockreport

Intel seeks billions for minority stake in Altera business, sources say [CNBC]

Intel Corporation  (INTC) 
More Company Research Source: CNBC
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Any deal would look to value Altera at least what the $16.7 billion that Intel paid for it in 2015. It is possible that Intel would look to find a majority acquirer for the business. Intel is looking to sell at least a minority stake in its Altera subsidiary that would raise several billion dollars in cash for the struggling firm, according to people familiar with the matter. This move that would represent a sharp about face from its earlier public messaging about the larger company's prospects. The storied semiconductor firm has made overtures to a number of private equity and strategic investors this week, said the people, who requested anonymity to speak freely about confidential information. Intel has expressed to some of those investors that it would be possible to acquire a majority stake in the Altera business, which was valued at $16.7 billion when Intel acquired it in 2015, said one of the people. Intel is looking for a deal that values Altera at around $17 billion, [Read more]
IMPACT SNAPSHOT
EVENT TIME:
INTC
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Price Change %
Volume Shares
Max Up
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Volume Ratio
%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS