Altera Corp. (ALTR)

[KingDMC]

WSJ reporting deal to be announced Monday for about $17 billion. Should equate to about $56-$58 a share, but depends on number of OS shares that could make it less.

Intel Nears Agreement to Buy Altera for About $54 a Share

Deal valuing Altera at about $17 billion to be announced Monday
By DANA CIMILLUCA, DANA MATTIOLI and DON CLARK

Updated May 31, 2015 2:57 p.m. ET
Intel Corp.’s on-again-off-again attempt to buy Altera Corp. is on the cusp of succeeding, as the chip maker prepares to announce the roughly $17 billion acquisition Monday, a move that would allow it to boost revenue and help defend a key business.

Altera stockholders will receive about $54 a share, people familiar with the matter said, around...