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...
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