AMD-ATI merger pending shareholder approval?


— 10:44 AM on July 21, 2006

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.

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