Deals
Altera Rejects Intel's Buyout Offer of About $54 a Share
The Intel Corp. booth at the CEATEC Japan 2013 exhibition in Chiba City.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Altera Corp. rejected an offer of about $54 a share from Intel Corp., breaking off talks to be acquired by the world’s largest chipmaker, people familiar with the negotiations said Thursday.
The discussions between the two chip companies have ended, said a person with knowledge of the matter, who asked not to be identified because the talks were private.