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AMD Board Approves Acquisition of ATI, Bankers Confirmed
Written by Gizmo   
Friday, 21 July 2006 22:33

The Inquirer reported today that AMD and ATI were going to ask shareholders for merger approval.  DailyTech is now reporting that AMD has received approval from its board of directors, and the investment banker community has suddenly become abuzz with talk of an impending merger:

"According to Eric Gomberg, an analyst for investment bank Thomas Weisel Partners, "there has been considerable industry speculation that AMD may pursue an acquisition of ATI Technologies, although such an outcome is by no means certain." Gomberg's comment came in earlier this week, but word circulating around investment bankers who are aware of the talks between ATI and AMD surfaced just several hours ago."

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