Intel's Altera Buy Foreshadows Future Of Tech, Activism

By Benjamin Horney (June 1, 2015, 8:14 PM EDT) -- When Altera Corp. agreed to be acquired by Intel Corp. for $54 per share on Monday, it marked a massive melding of two industry leaders in a sector poised to see continued consolidation, in addition to being a boon for activist investors seeking to show they can effect change even without engaging in a true proxy fight.

The deal — which actually marks the second big-money deal involving chipmakers in the past week after Avago Technologies Ltd. last Thursday agreed to buy rival Broadcom Corp. for $37 billion — gives the New Jersey-headquartered tech giant a chip-making specialist in California-based Altera that...

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