AMD to Buy ATI

Author
Aron Schatz
Posted
July 24, 2006
Views
2014

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It is official. AMD will buy ATI if the sale is authorized. This is a HUGE thing. AMD wants to compete with Intel on the platform front. Remember Centrino? Remember what platform AMD has? Looks for motherboards and other good stuff from AMD soon.

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Under the terms of the transaction, AMD will acquire all of the outstanding common shares of ATI for a combination of $4.2 billion in cash and 57 million shares of AMD common stock, based on the number of shares of ATI common stock outstanding on July 21, 2006. All outstanding options and RSUs of ATI will be assumed. Based upon the closing price of AMD common stock on July 21, 2006 of $18.26 a share, the consideration for each outstanding share of ATI common stock would be $20.47, comprised of $16.40 of cash and 0.2229 shares of AMD common stock.

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