8-KAcquisitions & DispositionsRegulation FDOther Events+1

INTEL CORP 8-K Report, Acquisition Completed (Dec 28, 2015)

Filed December 28, 2015For Securities:INTC

Summary

This 8-K filing announces the definitive completion of Intel Corporation's acquisition of Altera Corporation, a significant transaction valued at approximately $16.7 billion. The merger, which closed on December 28, 2015, involved Intel acquiring Altera for $54.00 per share in cash. This move signals Intel's strategic intent to enhance its product portfolio and market position, particularly in areas where Altera's field-programmable gate arrays (FPGAs) are critical. For investors, this acquisition represents a major strategic shift and integration effort by Intel. The cash payout to Altera shareholders is finalized, and Intel is now responsible for integrating Altera's operations, assets, and liabilities. The full financial and operational impact of this ~ $16.7 billion transaction on Intel's future earnings and market share will be a key area to monitor as the integration progresses and Altera's FPGA technology is leveraged within Intel's broader offerings.

Key Highlights

  • 1Intel Corporation has successfully completed its acquisition of Altera Corporation.
  • 2The acquisition was finalized on December 28, 2015.
  • 3The transaction value is approximately $16.7 billion.
  • 4Altera Corporation shareholders received $54.00 per share in cash.
  • 5Intel also assumed obligations related to Altera's outstanding senior notes through a guarantee.
  • 6This 8-K filing primarily reports the completion of the acquisition and related financial arrangements.

Frequently Asked Questions

This 8-K filing officially announces the completion of Intel Corporation's acquisition of Altera Corporation, marking the consummation of the merger agreement signed earlier in the year.

The total transaction value for the acquisition of Altera Corporation by Intel was approximately $16.7 billion.

Altera Corporation shareholders received $54.00 in cash for each share of Altera common stock they held, excluding shares held by dissenting stockholders or as part of treasury stock.

Yes, Intel executed a guarantee in favor of U.S. Bank, National Association, as Trustee, for the holders of Altera's outstanding Senior Notes due 2017, 2018, and 2023, indicating Intel's assumption of these debt obligations.