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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Intel Corporation | NASDAQ:INTC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.05 | 0.15% | 34.51 | 34.51 | 34.53 | 35,442 | 10:36:34 |
By Denny Jacob
Tower Semiconductor Ltd. shares soared 51% to $50.14 in Monday's after-hours trading session after The Wall Street Journal reported that Intel Corp. is close to a deal to buy the Israeli chip company for nearly $6 billion.
A deal could be unveiled as soon as this week assuming talks don't fall apart, according to people familiar with the matter.
This is the latest in a string of potential big deals in the works. Last week, The Wall Street Journal also reported that Cisco Inc. made a $20 billion takeover offer for software maker Splunk Inc.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 14, 2022 17:51 ET (22:51 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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