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Technology Stocks : Intel Corporation (INTC)
INTC 45.51+10.7%Jan 9 9:30 AM EST
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To: Joey Smith who wrote (27598)7/28/1997 12:49:00 AM
From: VICTORIA GATE, MD   of 186894
 
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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