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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (75415)3/4/1999 6:09:00 PM
From: GP Kavanaugh  Read Replies (2) | Respond to of 186894
 
=Intel Up In Late Trading After Plan To Buy Level One

NEW YORK (Dow Jones)--After-market players bid up shares of Intel Corp. (INTC) Thursday to 115 3/4, above their Nasdaq close of 113 3/8.

On Thursday, the boards of both Intel and Level One Communications Inc. (LEVL) approved a definitive stock-for-stock merger agreement valued at about $2.2 billion under which Intel would acquire Level One.

Dealers also bid Level One up in after-hours trading to 27 5/16 from its Nasdaq close of 27 1/8.

(END) Dow Jones Newswires 04-03-99
2304GMT
(AP-DJ-03-04-99 2304GMT)