TITLE

AMD Gets 2 Green Lights for ATI Purchase

AUTHOR(S)
Taylor, Colleen
PUB. DATE
October 2006
SOURCE
Electronic News;10/23/2006, Vol. 52 Issue 43, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the approval of a proposal from Advanced Micro Devices Inc. (AMD) to acquire ATI Technologies Inc. by the Canadian Minister of Industry. The shareholders of ATI also approved the $5.6 billion takeover bid of AMD. The merger is expected to benefit Canada and its role in the technology industry according to Hector Ruiz, chairman and CEO of AMD. The proposal still remains subject to court approval of the plan of arrangement and other customary closing conditions.
ACCESSION #
22890987

 

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