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Short Take: Intel extends expiration date

Intel has extended the expiration date for its offer to buy Chips and Technologies to October 17 as a result of a second request for information concerning the acquisition filed by the Federal Trade Commission. Intel has offered to buy all of the company's outstanding stock for $17.50 a share. Originally, the deal was scheduled to close on August 28. The second request for information generally seeks information on whether a proposed merger would substantially reduce market competition.

Intel has extended the expiration date for its offer to buy Chips and Technologies to October 17 as a result of a second request for information concerning the acquisition filed by the Federal Trade Commission. Intel has offered to buy all of the company's outstanding stock for $17.50 a share. Originally, the deal was scheduled to close on August 28. The second request for information generally seeks information on whether a proposed merger would substantially reduce market competition.