AMD-ATI merger pending shareholder approval?
Despite the complete lack of concrete evidence surrounding the issue,
AMD-ATI merger rumors still appear to be alive and kicking. Earlier this
month, a Chinese site reported that
the two companies had entered a purchase agreement, and today The
Inquirer quotes an "extraordinarily reliable source" as saying a merger deal is pending
shareholder approval. The source says AMD and
ATI will present shareholders with the merger proposal on Monday.
According to the report, AMD doesn't have the cash to acquire ATI
outright, and the merger deal could still collapse depending on how
shareholders feel about the proposal.