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The
deal price could be as much as $54 a share, a 15 percent premium
over Altera's Thursday closing price of $46.97, the New York
Post reported, citing a source close to the situation. (http://bit.ly/1Fk3FL4)
"A deal is likely by the end of next week," the newspaper quoted
the source as saying. The source also cautioned that the talks
could still fall apart.
Intel signed a standstill agreement earlier this year with
Altera that expires on June 1, giving the world's largest
chipmaker the option to launch a hostile bid after that, Reuters
reported in April, citing sources.
Altera in April rejected an unsolicited $54 per share offer from
Intel following months of negotiations, the sources told
Reuters.
Avago Technologies Ltd <AVGO.O> agreed on Thursday to buy
Broadcom Corp <BRCM.O> for $37 billion in the largest merger of
chipmakers ever.
The merger is the industry's second megadeal this year and is
unlikely to be the last, analysts told Reuters.
Intel and Altera could not be reached immediately for comments
outside regular business hours.
(Reporting by Subrat Patnaik and Rishika Sadam in Bengaluru;
Editing by Anupama Dwivedi)
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