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Technology Stocks : CHPS

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To: Alex Burns who wrote (2647)1/7/1998 8:58:00 AM
From: Moonray  Read Replies (1) of 2740
 
Intel(INTC.O) again extends Chips (CHPS.O) offer

SANTA CLARA, Calif., Jan 6 (Reuters) - Intel Corp said Tuesday
it extended the expiration date for the $17.50 per share tender
offer by its Intel Enterprise Corp unit for all outstanding
shares of Chips and Technologies to Jan. 21 from Jan. 18.

Intel said about 13.7 million shares of Chips and Technologies
had been tendered, representing about 62 percent of the
outstanding shares at the start of the tender offer.

Intel also said it expected to receive on or before Jan. 13 the
Federal Trade Commission's decision on whether it will challenge
the transaction.


((-- New York Newsdesk 212 859 1610))

REUTERS

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nasdaq!

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