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Technology Stocks : Chips and Technologies
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To: DEEPAL R. PATEL who wrote (51)7/28/1997 1:10:00 AM
From: VICTORIA GATE, MD   of 53
 
To print this story

Intel says to buy Chips and Technologies
Reuters Story - July 28, 1997 00:32
%US %ELI %MRG %DPR INTC CHPS V%REUTER P%RTR

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Jump to first matched term SANTA CLARA, Calif., July 28 (Reuter) - Intel Corp said it
entered into a definitive agreement to acquire Chips and
Technologies Inc , based in San Jose, California.
The acquisition is aimed at advancing capabilities for
graphics and visual computing in mobile personal computers, a
news release issued by Intel said.
The terms of the agreement provide for Intel to commence a
cash tender offer in the near future for all outstanding shares
of Chips and Technologies at a price of $17.50 per share, Intel
said.
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