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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Junkyardawg who wrote (15440)3/4/1999 5:10:00 PM
From: Glenn  Respond to of 90042
 
Thursday March 4 4:42 PM ET

Intel To Acquire Level One In Stock Deal

SANTA CLARA, Calif. (Reuters) - Intel Corp. (Nasdaq:INTC - news), the world's leading chip maker,
said Thursday it agreed to acquire networking company Level One Communications Inc. (Nasdaq:LEVL -
news) in a stock deal valued at $2.2 billion.

Intel said in a statement it would pay Level One stockholders 0.43 shares of Intel stock for each share of
Level One held. Based on Intel's closing stock price of $113.37, the deal would value Level One shares at $48.75.