Altera Drops as Takeover Talks With Intel Are Said to Have Ended

April 9, 2015 3:43 PM

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Altera Corp. rejected an offer of about $54 a share from Intel Corp., breaking off talks to be acquired by the world’s largest chipmaker, people familiar with the negotiations said.

The discussions between the two chipmakers have ended, said a person with knowledge of the matter, who asked not to be identified because the talks were private.

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