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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61853)	3/10/2002 11:27:22 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Intersil to Acquire Elantec Semiconductor for $1.4 Billion By Edvard Pettersson quote.bloomberg.com Irvine, California, March 10 (Bloomberg) -- Intersil Corp. a maker of chips for communications equipment, agreed to acquire Elantec Semiconductor Inc. for $1.4 billion in stock and cash. Intersil will pay 1.24 of its shares and $8 in cash for each share of Elantec, it said in a release distributed by Business Wire. Company officials couldn't be immediately reached to comment. Intersil Class A shares rose $2.86 to $36.65 Friday. Elantec rose $1.59 to $41.20.