AMD-ATI merger receives further Canadian approval
After being approved by the Canadian Minister of Industry and ATI's shareholders last week, the AMD-ATI merger has now received final legislative approval in Canada.
SUNNYVALE, CALIF. and MARKHAM, ONTARIO -- October 17, 2006 --Advanced Micro Devices, Inc. (NYSE: AMD) and ATI Technologies Inc. (TSX: ATY, NASDAQ: ATYT) today announced that the Ontario Superior Court of Justice has issued the final order approving the arrangement under which all of ATI’s outstanding common shares will be acquired by an indirect wholly owned subsidiary of AMD.
The acquisition is still "subject to satisfaction or waiver of customary closing conditions." Assuming there are no last-minute snags, the deal will be completed some time next week.