Deals
Altera Shares Climb on Report That an Intel Deal Is Near
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Altera Corp. shares reached a four-year high after the New York Post reported that Intel Corp. is near a deal to buy the semiconductor maker for about $15 billion.
Intel, the world’s largest chipmaker, has been looking for growth beyond the struggling personal-computer market. The price could be as high as $54 a share, the New York Post said, citing an unidentified person with knowledge of the talks.