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To: Duke who wrote (56029)10/19/1998 1:55:00 PM
From: Maverick  Respond to of 61433
 
INTEL CORP (82-15/16, down 13/16 @ 9:42 ET)and SHIVA CORP
(5-19/32, up 1-11/32 @ 9:43 ET)today announced they have entered
into a definitive merger agreement. The acquisition is aimed at
rapidly expanding Intel's networking product line with remote
access and virtual private networking (VPN) solutions for the
small to medium enterprise market segment and the remote needs of
campuses and branch offices. The agreement states that each share
of Shiva stock, other than shares held by stockholders who
exercise statutory appraisal rights, will be converted into the
right to receive $6 per share in cash. Under the merger agreement,
Shiva will become a wholly-owned subsidiary of Intel, and will
operate as part of the Intel Network Products Division.
(PRNewswire)