ATI owners said “Yes” to AMD

ChampionLLY · 14th Oct 2006, 10:37 AM

Quote:

ATI Technologies’ shareholders on Friday approved the acquisition of ATI by Advanced Micro Devices. The announcement is the final page of the merge between two leading graphics processor and microprocessor companies.

The statement by both companies claims that the shareholders voted “overwhelmingly today to approve the proposed acquisition of all outstanding common shares of ATI by an indirect, wholly-owned subsidiary of Advanced Micro Devices”. More than 99%t of the votes cast by shareholders were in favor of the transaction. No ATI shareholders have exercised rights of dissent in connection with the proposed acquisition, it was announced.

ATI will seek final court approval for the arrangement at a hearing on October 17, 2006. The transaction is expected to be completed during the week of October 23, 2006.

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.

Source: http://www.xbitlabs.com/news/other/d...013152954.html

interested to haf an AMD X2 6000+X1950 soon?

Papercut · 14th Oct 2006, 12:35 PM

Whoa, AMD must have made an offer that none of them could refuse

ChampionLLY · 14th Oct 2006, 01:10 PM

Quote:

Originally Posted by Papercut

Whoa, AMD must have made an offer that none of them could refuse

i haf no idea...
but rumours said that nV is behind the scene for this =S

ZuePhok · 14th Oct 2006, 01:25 PM

whoa!

so where to go for honey moon?

ChampionLLY · 14th Oct 2006, 01:58 PM

Quote:

Originally Posted by ZuePhok

whoa!

so where to go for honey moon?

lol...........

14th Oct 2006, 12:35 PM	#2 (permalink)
Papercut Hyperactive Join Date: 14 Jul 2004 Location: Singapore! Posts: 4,947 Reputation: 2405 Rep Power: 33	Whoa, AMD must have made an offer that none of them could refuse __________________ PC Specs "Use in a cool dry place away from direct sunlight. Keep out of reach of n00bs. Overclock within 24 hours of opening. Do not read instructions before proceeding, do not use only as directed. May cause frustration, late nights and empty wallets. If symptoms persist please consult your hardware professional."

14th Oct 2006, 01:25 PM	#4 (permalink)
ZuePhok Hold me back! I can't stop posting!!! Join Date: 16 Dec 2002 Location: Floating Island Of Mandango Posts: 8,508 Reputation: 2724 Rep Power: 41	whoa! so where to go for honey moon? __________________ DYKT: Our DNA can expired? Thank god my science class wasn't taught by Pak Lah